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Amazon comes for MongoDB; MDB -15%

Published 01/10/2019, 08:39 AM
© Reuters. Amazon comes for MongoDB; MDB -15%
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  • MongoDB (NASDAQ:MDB) plunges 15% premarket after Amazon (NASDAQ:AMZN) announces its DocumentDB, a managed database that's compatible with existing MongoDB applications and tools.
  • The AWS database works with MongoDB version 3.6.
  • Last fall, MongoDB announced that forthcoming releases of its open source product would carry a new SSPL license, which said anyone offering MongoDB as a cloud service also needed to make the resulting service open source. DocumentDB uses a version that predates the new license.
  • AWS wants to make it easier for its clients to use MongoDB and, as the dominant cloud player, could chip away at Mongo's user base.
  • Now read: MongoDB: Stellar Quarter Offset By Valuation


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