MongoDB tumbles after CEO Desai suddenly steps down for Meta role

[MongoDB headquarters in Silicon Valley] Sundry Photography/iStock Editorial via Getty Images MongoDB (MDB [https://seekingalpha.com/symbol/MDB]) shares crashed more than 26% in early trading on Monday after CEO Chirantan “CJ” Desai stepped down to lead Meta Platforms' (META [https://seekingalpha.com/symbol/META]) new enterprise platform. Desai will serve as its newly created Chief Enterprise Platform Officer at Meta and report directly to CEO Mark Zuckerberg. Prior to joining MongoDB, Desai had been an executive at ServiceNow (NOW [https://seekingalpha.com/symbol/NOW]). In response, MongoDB's board appointed Dev Ittycheria to serve as interim president and CEO.