Story perspectives

Meta hires MongoDB CEO to lead enterprise platform

By Drooid · Sep 28, 2026, 6:03 PM UTC · How we work

Summary

Meta Hires MongoDB CEO

Meta Platforms hired MongoDB CEO Chirantan “CJ” Desai as chief enterprise platform officer.
Desai will report to CEO Mark Zuckerberg and run Meta Enterprise Platform, bundling Muse, Business Agent and coding tools.
MongoDB shares fell 20% in pre-market trading, erasing about a fifth of its value.
Meta’s stock dropped roughly 4% after the announcement.
MongoDB reaffirmed its Q3 and FY2027 guidance despite the leadership shift.

Summary

Meta Targets Enterprise

Meta’s AI-driven platform could pressure premium multiples of ServiceNow, Salesforce and Workday.
The enterprise software market offers a $650 billion opportunity barely tapped by Meta.
Meta has disclosed no pricing, customers or revenue targets for the platform.
Competitors say Meta’s tools must overcome longstanding corporate skepticism of the brand.
Investors should monitor early wins to see if Meta can turn talent into market share.

History

Historical Context

In 2011, IBM unveiled Watson, its AI system that defeated human champions on Jeopardy, showcasing enterprise-grade artificial intelligence. Watson’s victory earned a $1 million prize and spurred IBM’s $1 billion investment in AI services for corporate clients. Today, Meta Platforms appoints MongoDB CEO Chirantan Desai to lead its Enterprise Platform, aiming to capture a $650 billion AI-software market and challenge ServiceNow, Salesforce, and Workday. If Meta replicates IBM’s trajectory, its AI tools could reshape corporate software adoption, prompting investors to monitor early wins for market-share shifts.

1 of 3

Meta Hires MongoDB CEO

Meta Platforms hired MongoDB CEO Chirantan “CJ” Desai as chief enterprise platform officer.
Desai will report to CEO Mark Zuckerberg and run Meta Enterprise Platform, bundling Muse, Business Agent and coding tools.
MongoDB shares fell 20% in pre-market trading, erasing about a fifth of its value.
Meta’s stock dropped roughly 4% after the announcement.
MongoDB reaffirmed its Q3 and FY2027 guidance despite the leadership shift.

1 / 3