technology11 days ago
Meta poaches MongoDB CEO CJ Desai to lead new enterprise AI unit, triggering 20% stock plunge
CJ Desai has resigned as CEO of MongoDB to join Meta Platforms as Chief Enterprise Platform Officer. He will lead a new division focused on commercializing Meta's AI agents, including Muse, for business clients. The abrupt departure caused MongoDB shares to drop 20%, while Meta stock fell 4%. MongoDB's board has appointed former CEO Dev Ittycheria as interim leader and reaffirmed its fiscal 2027 financial guidance.
