Dropbox CEO Drew Houston is joining Facebook’s board of the directors, the company said Monday. Mark Zuckerberg is a friend of Houston’s, attending his birthday party in 2017. Houston said in a statement that he looks forward to working with Zuckerberg and the rest of Facebook’s board “on the many opportunities and challenges ahead.” The move comes after Netflix CEO Reed Hastings left Facebook’s board last April, after serving on the board for eight years. Houston is the eighth member of Faceboo

Twitter has taken down meme-sharing accounts created by snack brand Planters to juice attention for the arrival of its new mascot, “Baby Nut,” which during the Super Bowl. Kraft Heinz said in a statement the suspensions occurred despite the fact that it had consulted with Twitter. Insider first reported on the removal of the accounts, determining that some of the accounts were created before the public knew Planters would introduce Baby Nut and suggesting the accounts were part of the campaign.

Even as OPEC and Russia consider an emergency production cut, oil is tanking and the outlook for prices is getting dimmer. Brent crude prices plunged nearly 4% Monday and was down 24% from its January high, when it closed at $54.45 per barrel. Oil prices were slammed Monday, as the virus continued to spread and cruise ships became a bigger concern. “The oil market has been subject to many supply shocks over recent years, but an acute demand shock has not been felt since the 2008 financial crisis

To honor Bryant, Los Angeles Public Libary compiled a list of books Bryant has recommended over the years. Los Angeles librarian Keith Kesler says he combed through old interviews and social posts from the basketball legend to find the list. Bryant read the book so many times he recommended it to other NBA players, according to The Athletic.com, and set up a meeting with Coelho to collaborate on a children’s book. “Team of Rivals” by Doris Kearns Goodwin”I loved TEAM OF RIVALS,” Kobe told The Am

Hartford Financial Services Group — The financial company’s stock dropped nearly 1% in extended trading after the company reported strong fourth-quarter results that beat analysts’ estimates. The company reported $1.43 per share on revenue of $5.36 billion, while analysts estimated $1.32 per share on revenue of $5.25 billion, according to Refinitiv. NXP Semiconductors — Shares of the semiconductor manufacturing company dipped slightly below the flatline after the company reported a beat on its r

CNBC’s Jim Cramer on Monday said he is anticipating another market sell-off and that investors should refrain from putting more money to work in stocks. “I’m betting that another shoe will drop on this coronavirus outbreak, and I think it might be a mistake to buy before that happens.” The host suggested it’s better to wait until seeing if that is possible before putting more money into stocks. Cramer is waiting for more bad news to come about the coronavirus, and he wants to mull the outcome of

CNBC’s Jim Cramer said Monday his negativity toward oil stocks is not about environmentalism but economics. “And the honest truth is I don’t think I can help you make money in the oil and gas stocks anymore,” he added. Cramer’s comments followed proclamations the former hedge-fund manager made Friday, when he compared fossil fuel stocks to tobacco companies. Cramer said he knows his decision to not recommend oil stocks is in contrast to advice he used to give. “I love the environment, but that n

Google parent company Alphabet’s shares slid 4% after hours despite beating earnings estimates for the fourth quarter, as the company came in light on revenue. Here are the numbers versus expectations:Earnings: $15.35 per share vs. $12.53 per share, per Refinitiv consensus estimates. $15.35 per share vs. $12.53 per share, per Refinitiv consensus estimates. $46.08 billion vs. $46.94 billion, per Refinitiv. Traffic acquisition costs: $8.50 billion, vs. $8.50 billion per StreetAccount estimates.

He received a U.S. Department of Agriculture market facilitation payment, part of more than $20 billion in aid the administration doled out to farmers in 2018 and 2019 to mitigate trade war damage. Iowa has an economy that Iowa State University economics professor David Swenson described as “growing but not necessarily thriving.” The trade war added to those pressures. In 2018 alone, tariffs lopped at least $1 billion and up to $2 billion off Iowa’s gross state product, according to an Iowa Stat

US radio talk show host and conservative political commentator Rush Limbaugh looks on before introducing US President Donald Trump to deliver remarks at a Make America Great Again rally in Cape Girardeau, MO, on November 5, 2018. Influential right-wing talk radio host Rush Limbaugh announced on his program Monday that he has been diagnosed with “advanced lung cancer.” Limbaugh, 69, said he will take time off his normal broadcast schedule as he seeks treatment. “But there are going to be days tha

YouTube ads generated $15.15 billion in revenue in fiscal 2019, with $4.72 billion in the fourth quarter alone. The segment generated $11.16 billion in revenue in 2018, including $3.61 billion in the the fourth quarter of that year. On a call with analysts, CFO Ruth Porat said YouTube’s nonadvertising revenue reached a $3 billion revenue run rate in the fourth quarter. Google’s cloud business generated $8.92 billion in revenue in fiscal 2019, with $2.61 billion generated in the fourth quarter. T

PlatinumGames is bringing back The Wonderful 101, the developer’s 2013 Wii U game, in “remastered” form for Nintendo Switch. The Wonderful 101: Remastered’s Kickstarter campaign launched Monday afternoon. Platinum also hints at additional content coming to The Wonderful 101: Remastered, to be unlocked through stretch goals, but details on that content and specific crowdfunding amounts weren’t revealed. In Polygon’s review of The Wonderful 101, we criticized the game for its unreliable gameplay m

That transition from the Wii U to other platforms will mean some changes for The Wonderful 101: Remastered, according to game director Hideki Kamiya. And to cater to that broader audience, Kamiya wants to tweak a few things and make The Wonderful 101 “more user-friendly.” There will also be new on-screen prompts that will help players better understand The Wonderful 101: Remastered’s gameplay mechanics. While there won’t be new heroes or gameplay content, Kamiya said that Platinum wants to add n

YouTuber Allen Pan hooked a treadmill up to his PlayStation 4 to play Death Stranding. Being a game all about walking, Pan wanted to design a controller to play Death Stranding the way it was “meant to be played.” With his device built, the second half of the video showcases the treadmill controller in action. And Death Stranding director Hideo Kojima and star Norman Reedus seem to agree, with Kojima retweeting an article about Pan, and Reedus tweeting the link to his millions of followers. With

Visitors look at an Emirates airline’s Airbus A380 dislayed at the Dubai Airshow on November 9, 2015. The UAE is home to national carriers Emirates Airline and Etihad. The GCAA’s statement noted that all flights to and from Wuhan from the UAE have been canceled since Jan. 23. Emirates Airline, based in Dubai, is the world’s largest A380 operator and top-five largest airline in terms of passenger and freight ton kilometers flown. Major airlines temporarily suspending China routes include American

Watch CNBC’s full interview with Affirm CEO Max LevchinMax Levchin, PayPal founder and Affirm CEO, joins “Squawk Alley” to discuss Facebook’s Libra, a possible Affirm IPO and more.

Here’s how Big Tech companies are combatting coronavirus misinformationFacebook will start removing misinformation about the coronavirus outbreak from its platforms. Google and Twitter also taking steps to tackle misinformation about it. Google has started displaying information from the WHO about the virus in search results. Twitter meanwhile has adjusted its search prompt to lift information from “authoritative health sources” to the top of the page when users make searches about the coronavir

Kara Swisher: Mark Zuckerberg’s comments are perplexingCNBC contributor Kara Swisher joins “Squawk Alley” to discuss new comments from Facebook CEO Mark Zuckerberg on changing policies.

Mental health tech and wearablesAbout 42.6% of the 46.6 million adults living with any mental illness in the U.S. received mental health treatment in 2017, according to the National Institute of Mental Health. Many people who have demanding schedules struggle to find time for therapy appointments, but digital solutions help, according to the GWS report. According to the GWS report, the rest of the world is taking notice. For instance, people in Japan work so much there’s actually word for “death

Jason Lee | ReutersWhen the market makes big moves, you might be tempted to make big decisions. On Friday, stocks fell sharply as fears about the coronavirus’ impact on China and other markets spread. That advice will likely be relevant in the coming months as the presidential election and coronavirus outbreak continue to make headlines. In light of a deadly virus outbreak in China, Hong Kong citizens wore surgical masks in fear of contracting the flu. Willie Siau | Getty ImagesOne analyst is pr