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MongoDB
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- 1
MongoDB's chief executive, Dev Desai, is leaving the database company to take a senior role leading Meta's enterprise platform efforts, according to a Reuters report dated September 28, 2026. The move puts a prominent database-industry leader at the center of Meta's push to expand its business-facing products, and raises questions about MongoDB's leadership transition and strategic direction.
- 2Stocks Slide as Yields Rise, MongoDB Tumbles●Stock Market Midday, Sept. 28: Stocks Slide as Yields Rise, MongoDB Tumbles
US stock markets fell in midday trading on September 28 as rising Treasury yields pressured equities. MongoDB shares tumbled, standing out among the day's decliners. The session's weakness reflected investor concern that higher yields raise borrowing costs and reduce the appeal of riskier assets, with the database software company hit particularly hard during the sell-off.
- 3Meta Hires MongoDB CEO, Sending MongoDB Stock Down●Meta Hires MongoDB CEO For Enterprise Push. MongoDB Stock Tumbles On 'Shocker' News.
Meta has hired MongoDB's chief executive as part of a push into enterprise services, a move that sent MongoDB's stock tumbling as investors reacted to the surprise departure. Reports describe the news as a shocker for the database company, which now faces the task of finding a new leader while Meta strengthens its enterprise ambitions.