alt Hacker NewsTIL MongoDB is a publicly traded company.
I can't imagine the future is bright for MongoDB as AI makes it much less painful to move off of legacy and/or overpriced software.
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Oracle is still making a very, very healthy amount of money on legacy db products. Momentum is a very powerful thing.
I worked there from around a year before the IPO until around three and a half years after. The IPO price was around $24 if I remember correctly, but it's been floating in the $300-450 range for a while now. I have no clue what the future holds for it, but the IPO clearly did what it was intended to do.
At this point I'd rather use a Claude-written database system than use MongoDB at any price.
i think infra software will be just fine. ai isnt going to implement a saas-database. and why would anybody migrate of mongodb, just to put their business data elsewhere?
it's end user software that's absolutely getting crushed.
Mongo’s biggest sell was it increases developer productivity so backlogs were burned down faster and managers all benefited.
AI greatly removes that differentiator. AI doesn’t care if it needs schemas or if there’s an idiomatic driver for Python or Node. Even schema changes aren’t an issue and most databases support complex data anyways.
> AI makes it much less painful to move off of legacy and/or overpriced software.
Agreed. While DynamoDB != MongoDB, they are similar. I built a product on DynamoDB (Single-table-design) and while it was cool to find a way to make relational data work in DynamoDB, it was always a chore. New feature development was a huge PITA as was changing schema in any way. Sure, I might have been "holding it wrong" but after a weekend with Claude I migrated everything to Postgres and have been incredibly happy with that change something like 4-6 months later.