MongoDB CEO resigns to join Meta

Insanity

Interesting choice, his prior experience doesn't seem AI related yet he's going to lead an AI strategy at Meta?

htrp

Facebook going to be selling Muse into your company as your AI coworker

12982712

Finally we'll get authentic webscale AI.

fred_is_fred

I've always wanted model sharding.

fred_is_fred

As a non-joke question - I am surprised a CEO can do this. Wouldn't there be contract terms about notice period, orderly transition etc?

LoganDark

I wonder if people like this actually try to get into the company, or if they just got a very attractive offer instead?

spicybright

People still use MongoDB?

jmclnx

>Desai led product and engineering at Cloudflare Well, this could end meta :) Once I get the Cloudflare prompt I bail assuming the site does not what me to read their content. Yes, the number of sites I go to is decreasing daily, but gopher, gemini and USENET is still around and seems to be slowly growing.

general_reveal

I mean, Mongo is to be a $600 dollar stock imho. You see, the amount logs AI creates or intermediary text storage it creates is just stunning. Nice entry for leaps. Plus, Mongo swiftly added their vector db too. It’s a obvious play. I wonder if they’ll pair him with another acquisition like Porcupine. META has now realized how much money there is in selling a picks and shovels (as we see with Muse Spark).

abhirajabhi312

So turns out nosql is no place for "structured" role like ceo.

everfrustrated

"effective immediately" means either... he doesn't have a contract with a notice period, or he does and is willing to forfeit any benefit from it like share options, etc. One reason might be the share price has collapsed and he has no confidence in it coming back (pretty scandalous if he's the CEO!), or Meta has offered him inducements > what he's walking away from. Good way to burn a lot of bridges. He's never going to be hired as CEO by anybody for the rest of his career.

Dylan16807

Isn't MongoDB relatively stable? I can't think of why it would need any particular CEO, and an executive moving to a company that burns money for fun doesn't say much about their previous job. So why the huge stock drop?

bko

CEO leaves, stock market value drops ~$6.5B One interpretation is that senior leadership (e.g. CEO) matters a lot. But it flies against the idea that CEOs are overpaid. From a quick search, it looks like his total stock comp was ~$52m which was a bargain considering his departure cost the company billions. Perhaps he would not have left if he had a higher pay, more in line with the value the market ascribes to him. However I imagine those that are upset about CEO pay will find this unconvincing. Is there any other way to interpret this?

joduplessis

Ah, I miss the days of NoSQL vs. SQL debates.

d2kx

But is MongoDB's stock web scale?

mikert89

I still think regular people, and markets, have not caught onto the implications of superintelligence. Its happening, and the tech oligarchs have seen it behind closed doors

calderwoodra

Anecdotally, I've seen a surprising number MongoDB employees applying to our job listings for the last 6-9 months (enough to feel like a trend).

xnx

TIL MongoDB is a publicly traded company. I can't imagine the future is bright for MongoDB as AI makes it much less painful to move off of legacy and/or overpriced software.

returnInfinity

I think its Zuck's new hiring strat, He hired cred CEO to be whatsapp CEO. Scale CEO to be AI leader Now Mongo ceo to lead the AI enterprise sales.

beembeem

This is data point #2 in his executive career, it's now a trend. https://www.crn.com/news/channel-news/2024/servicenow-presid...