Amazon comes for MongoDB; MDB -15% – Seeking Alpha


MongoDB (NASDAQ:MDBplunges 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.



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