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?

▲

testuser1984 2 hours ago | parent | next [-]

P/E ratio 472.47

▲

nitwit005 an hour ago | parent | prev | next [-]

Might have interpreted it as captain heading for lifeboat.

▲

Pxtl 4 hours ago | parent | prev | next [-]

Probably just because it reminded everybody that MongoDB exists as a corporate entity and everybody is re-evaluating investment in "Open Core" products where the paid value-add is consultancy because learning to us the product is so difficult, since LLMs for all their faults are good at "how do I use this hard-to-learn tool?"

"Hey the MongoDB guy left, is MongoDB okay?.... wait, no, of course it isn't. It's in that space that is completely screwed."

▲

smt88 4 hours ago | parent | prev | next [-]

Stock prices have nothing to do with business performance anymore

▲

empath75 3 hours ago | parent | prev [-]

Also claude can probably knock out a mongodb clone in a couple of days.

	▲	saghm an hour ago \| parent \| next [-]
		Git can clone mongodb in far less than that. I think you might be misunderstanding where the revenue comes from.
	▲	tombert 2 hours ago \| parent \| prev \| next [-]
		It doesn't even need a couple days. I got Opus 5.5 to do it in like three or four hours, just out of curiosity.
	▲	trgn an hour ago \| parent \| prev [-]
		crazy we're cheering on theft.