dick grasso ran the new york stock exchange for eight years through both thick and thin and he joins arino. dick so good to have you here. right off the bat i have to ask you what's going on here because this does not look good for the spac way of life. >> well, liz, first, thank you for inviting me. it's great to be back with you. liz: thank you. >> and of course with charlie. charlie: do i get that sanitation commissioner post any time soon, dick? >> charlie? when i'm elected mayor of new york, it will be yours for the taking. charlie: you know, you know -- italian-americans have a very very strong connection with the new york city sanitation department. my father, no it's true. my father, my uncle worked for them. i went to a university like you and that's how we escaped the sanitation department. liz: so dick, should spacs go by way of the trash can, the whole concept, what is happening here? >> well, from an investor point of view, they've been a disaster , liz. just this first quarter of 2022 they're down 27% and if you look at the peak in 2021, they are down 65%. its just been

you've answered this question because you said they have to qualify to come on and that of course dick grassost jump into the spac issue very quickly and ask you about twitter so give me your thought about how you vet spacs before they come public. >> first of all our listing will sit on top of the sec's rule and as you see from chair gensler who has proven to be a very effective regulator at the sec and in his previous time he cftc spacs are an area of focus and the sec wants to make sure as market conditions evolve , dynamics, so does regulation and that caused a slow down in the number of spacs coming to the market, we have listed a command full this year but far fewer number than what you see come to the broader market over the past 12-24 months. liz: john the big news today twitter is going private twister lists on the new york stock exchange, what does that mean for the when a company looks at in the collective mind of sort of media, on the nyse, it's not trading anymore. >> i was very proud to be part of the nyse team in november of 2013 that welcomed twitter to the new york stock exch

liz: we had dick grasso on the show yesterday saying the spac, spac attacks fantasy was a lot of fluffak. that's why i wanted to bring that up. let's talk about your company and how it's the different from all of the charging companies out there right now. >> yeah. so think of us as an enabler. so charge point and all the big infrastructure equipment providers and software providers actually need someone to design, engineer, install and maintain all this charging infrastructure that's coming out. and so the way that we looked at the market was an electrical service contractor, a guy who changes a cell phone tower is a very similar profile to a worker who's actually going to be working in the future on ev. so we made five acquisitions over the last 14 months and focused really on our revenue. so when you look at the spac market, it's a little different. so our kind of point of difference was not only creating great jobs, but by doing the mechanism we did, we didn't vaporize a lot of investor cash in the process. liz: charging type of companies, you mentioned charge point, you are not ju