MongoDB CEO resigns "effective immediately" to join Meta, stock drops 20%

MongoDB chief executive Desai resigned immediately to join Meta, sending the company's shares down about 20%.

MongoDB chief executive Desai resigned effective immediately to lead Meta's enterprise platform, according to a Reuters report discussed on Hacker News. The company's stock fell about 20% following the announcement. The available item gives no security incident, product flaw, or customer impact.

• Desai resigned as MongoDB CEO effective immediately.
• He is leaving to lead Meta's enterprise platform.
• MongoDB shares dropped about 20% after the move.