Meta launched its "Meta Enterprise Platform" to sell advanced AI models and agents, such as the Muse productivity agent and Muse Code, directly to businesses and developers. Desai joins as Chief Enterprise Platform Officer reporting to CEO Mark Zuckerberg, who intends to use the division to monetize more than $100B in AI infrastructure spending. The new unit aims to translate Meta's consumer-facing AI tools into an enterprise stack for companies using the platform's infrastructure and agent ecosystems.
Wednesday, October 21, 2026
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MongoDB Shares Sink 26% After CEO Joins Meta's New AI Unit
US Markets23 days ago
The database provider erased approximately $8B in market value Monday during a selloff that hit the broader software sector. MongoDB Inc. shares plunged as much as 26% in pre-market trading after CEO Chirantan "CJ" Desai resigned effective immediately, just one day before the company's scheduled investor day. The announcement triggered declines in related software stocks including Oracle and Salesforce, while founder Dev Ittycheria returned as interim CEO and the company reaffirmed its financial guidance for the third quarter and fiscal 2027.
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