Market2026-09-28

Meta hired MongoDB CEO CJ Desai to lead its new Enterprise Platform unit. Desai will report directly to Mark Zuckerberg. The unit will prioritize tools including the Muse agent, a business agent and a coding tool. Meta cited its advanced models, leading agents and large-scale infrastructure as strengths. MongoDB named Dev Ittycheria as interim president and CEO. Desai previously led product and engineering at Cloudflare and worked at ServiceNow. MongoDB shares dropped over 18% on the news. Meta shares declined about 5%. Desai accepted Meta’s offer despite forfeiting his MongoDB pay package and severance.

What changed

Dev Ittycheria was MongoDB CEO until November 2025.

What it unlocks

Meta gains a dedicated leader for its new enterprise platform unit.

  • MongoDB shares fell over 18%
  • Meta shares fell about 5%
  • Desai served as MongoDB CEO for under a year

Sources

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