Meta and ServiceNow Drop 4% as Enterprise Platform Launch Reprices Software; MongoDB Tumbles 19%
Source: 24/7 Wall St. ·
The software group is being repriced. An enterprise software launch from Meta Platforms (NASDAQ:META) is behind the move, and the company behind the announcement is falling alongside the vendors it could challenge. Meta Platforms stock is at $721.31, down 4% in morning trading. ServiceNow (NYSE:NOW), one of the workflow software incumbents most exposed to the […]
From the source
A single newsroom post from Meta Platforms sent shockwaves through enterprise software in minutes, pulling down companies that had nothing to do with the announcement and one that lost something far more concrete than market confidence. Market Movers desk. Editor: David Moadel . This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The software group is being repriced. An enterprise software launch from Meta Platforms ( NASDAQ:META | META Price Prediction ) is behind the move, and the company behind the announcement is falling alongside the vendors it could challenge. Meta Platforms stock is at $721.31, down 4% in morning trading. ServiceNow ( NYSE:NOW ), one of the workflow software incumbents most exposed to the news, is sliding in step at $130.36, down 4%. Meanwhile, MongoDB ( NASDAQ:MDB ) is taking the steepest blow at $333.80, down 19%, after losing its chief executive to the Meta Platforms…