MongoDB shares plunge over 22% in premarket trading as CEO departs to join Meta.

BlockBeats news, September 28, according to BIT (bit.com) market data, the stock price of MongoDB, a general database platform company, fell more than 22% in pre-market trading, and its CEO resigned to join Meta.

Meta is creating a new business line to sell AI tools directly to companies, integrating its Muse coding tool, access to top AI models, and business agents on WhatsApp, Instagram, and Messenger. Former MongoDB CEO CJ Desai will lead the division and report directly to Mark Zuckerberg.

MongoDB's market capitalization closed at $33.064 billion on the previous trading day.