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Meta hires MongoDB CEO CJ Desai to lead enterprise unit. MongoDB shares crater

From CNBC Tech

By CNBC Tech

September 28, 2026

Meta hires MongoDB CEO CJ Desai to lead enterprise unit. MongoDB shares crater

Meta hires MongoDB CEO CJ Desai to lead enterprise unit. MongoDB shares crater

MongoDB CEO CJ Desai is joining Meta Platforms as its chief enterprise platform officer and will report directly to Meta CEO Mark Zuckerberg.

Desai, who was in his role at MongoDB for less than a year, will be leading the social media giant's new Meta Enterprise Platform for businesses, according to a release.

"Initially, we will focus on bringing our full technology stack, including the Muse agent, Meta Business Agent, Muse API, Muse Code, and more to businesses and developers to help them grow," the release states.

The news sent shares of MongoDB plummeting 17%.

The MongoDB board has named Dev Ittycheria as interim president and CEO. Desai took over from Ittycheria, who served as CEO for 11 years, in November 2025.

Meta is in the middle of a massive revamp as it seeks to appease investors with its massive bets on AI and superintelligence. Last week, the company debuted its Muse personal AI assistant.

This is breaking news. Please refresh for updates.

Read more CNBC tech news

  • Mark Zuckerberg debuts Muse Charm pendant, $1,299 Meta VR Glasses
  • Palo Alto CEO says slowing down AI is 'unrealistic', extinction threat 'extremely small'
  • Cyber startup Island hits $6.4 billion valuation in new round as AI attacks fuel spending wave
  • OpenAI says agent hacked Australian government website without being told to do so

View original article on cnbc.com

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