MongoDB CEO Desai Exits for Meta; Shares Fall 16%

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MongoDB said CEO Chirantan "CJ" Desai stepped down effective immediately to take a senior role at Meta Platforms, sending the database software company's shares down 16.43% in premarket trading. Desai will join Meta as chief enterprise platform officer, reporting directly to CEO Mark Zuckerberg, according to CNBC. MongoDB's board named Dev Ittycheria interim president and CEO; Ittycheria ran the company from 2014 to 2025, a period in which annual revenue grew from about $35 million to more than $2.3 billion, and he has stayed on as an executive board member since. The board has hired an executive search firm to find a permanent replacement, and Chairman Tom Killalea said "MongoDB's business is strong." The company also reaffirmed the third-quarter and fiscal 2027 guidance it issued on Sept. 1, ahead of an Investor Day at Nasdaq MarketSite on Tuesday, Sept. 29, where the leadership team will outline its long-term strategy.

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Cloud & Digital Infrastructure▼ · 2 stocks
MongoDB
MDB
▼ NegativeCapitalrelevance

CEO Chirantan Desai stepped down effective immediately to join Meta, sending MongoDB shares down 16% in premarket trading.

Spatial Computing / AR/VR▲ · 1 stocks
Meta Platforms Inc.
META
▲ PositiveCapitalrelevance

Meta is hiring MongoDB's CEO Desai as chief enterprise platform officer, a senior leadership addition.

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