Meta hires MongoDB CEO CJ Desai, sending shares of data services company down
Desai will lead Meta’s new enterprise platform as MongoDB shares fell 17% after the company named an interim chief executive.
- On Monday, September 28, 2026, MongoDB CEO Chirantan "CJ" Desai stepped down to join Meta Platforms as chief enterprise platform officer, reporting directly to Meta CEO Mark Zuckerberg to lead the new Meta Enterprise Platform.
- Meta aims to capture enterprise market share by integrating its technology stack—including the Muse agent, Meta Business Agent, and Muse API—into business workflows, signaling a strategic push into AI-powered enterprise services.
- MongoDB's board appointed former CEO Dev Ittycheria as interim President and CEO, with Chairman Tom Killalea citing his eleven-year tenure and track record scaling revenue from approximately $35 million to more than $2.3 billion as proof of stability.
- Shares of MongoDB plummeted 17% following the announcement of Desai's departure, though the company reaffirmed its guidance for Q3 and fiscal 2027 to underscore underlying business strength.
- MongoDB will host an Investor Day at Nasdaq MarketSite on Tuesday, September 29, 2026, where management will detail long-term strategy and AI-driven product innovation for its more than 70,000 customers.
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MongoDB's CEO Steps Down for Senior Role at Meta, Shares Plunge
MongoDB CEO CJ Desai is joining Meta, sending the database software company's shares down 17 percent as the social media giant announced the launch of a new enterprise platform, CNBC reported. We'll be covering similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the year is coming up, where professional experts will tell you what to invest in now. Register here.
Meta taps MongoDB CEO Desai to lead new enterprise AI platform
Sept 28 : Meta Platforms on Monday appointed MongoDB's CEO Chirantan "CJ" Desai to lead its new offering designed to bring the social media company's AI tools to businesses.Shares of MongoDB fell 20 per cent in premarket trading after the company said Desai will step down as chief executive officer after a te
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