Top Midday Stories: MongoDB CEO Leaves to Lead Meta Enterprise Platform; Nvidia Ups Buyback Program by $150 Billion
Source: MT Newswires ·
All three major US stock indexes were down in late-morning trading Monday, as oil prices were up aft
From the source
All three major US stock indexes were down in late-morning trading Monday, as oil prices were up after President Donald Trump reportedly rejected Iran's proposal to reopen the Strait of Hormuz and restart talks. In company news, MongoDB (MDB) said Monday that Chief Executive and President Chirantan "CJ" Desai is stepping down from his roles, effective immediately, in order to pursue a senior role at Meta Platforms (META). MongoDB's board appointed Dev Ittycheria as interim president and CEO, effective immediately, the company said. Later, Meta CEO Mark Zuckerberg said the company has launched Meta Enterprise Platform to help businesses use artificial intelligence to grow and Desai will oversee the operation. MongoDB shares were down 17% around midday, while Meta shares were down 4.2%. Nvidia's (NVDA) board authorized an additional $150 billion under the company's existing share buyback program, increasing the total remaining authorization to $235 billion, the company said Monday.…