alt Hacker NewsIsn'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?
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Might have interpreted it as captain heading for lifeboat.
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."
Stock prices have nothing to do with business performance anymore
Also claude can probably knock out a mongodb clone in a couple of days.
P/E ratio 472.47