Veytics Intelligence
2026-09-28 · NASDAQ

Why MongoDB Sank Today

Key Points MongoDB CEO CJ Desai decided to leave the company to join Meta's new enterprise venture. Meta announced the Meta Enterprise Platform today, seemingly taking aim at the enterprise software sector. MongoDB will also host an investor day tomorrow. 10 stocks we like better than MongoDB › Shares of new-age database company MongoDB (NASDAQ: MDB) sank as much as 26.9% on Monday, before recovering to a 18.5% decline on the day. Today, MongoDB's CEO, Chirantan "CJ" Desai, announced that he has left MongoDB to head the new Meta Enterprise Platform, which Meta Platforms (NASDAQ: META) also announced today. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005.

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