MongoDB is a leading database organization specializing in NoSQL databases and cloud services. Recently, MDB experienced a significant drop in its stock price, down about 25%. The firm has also confirmed developments related to its web domain, Mongo.com.
“Okay. Uh [__] Donkey Boyd, whatever you want to call it, MDB is down like 25% this morning, for example. You know, systematically what's happening becing rate of change slowdowns. It's not some valuation trade.”
“Mongo.combomb today is 100% confirming one reality that matters more than anything else to a short seller. The rate of change of revenue growth slowed. It was supposed to accelerate. When it slows stock goes down if it's a growth stock.”