SQUAWK BOX, THURSDAY 3RD FEBRUARY, 2022

Meta suffers a share wipe-out in extended trade with $210bn disappearing from its market cap. It’s the largest quarterly miss for the company formerly known as Facebook and has caused Nasdaq futures to slide by more than 300 points. The Nikkei also turns red. Streaming platform Spotify plunges despite a beat on the top and bottom line on weak predicted subscription numbers. We are also live at the ECB as well as the Bank of England where a second consecutive rate hike of 25 basis points is expected.