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Amazon comes for MongoDB; MDB -15% – Amazon.com, Inc. (NASDAQ: AMZN)

MongoDB (NASDAQ: MDB) hides the 15% premarket after Amazon (NASDAQ: AMZN) announces its DocumentDB, a managed database compatible with existing…

MongoDB (NASDAQ: MDB) hides the 15% premarket after Amazon (NASDAQ: AMZN) announces its DocumentDB, a managed database compatible with existing MongoDB applications and tools.

The AWS database works with MongoDB version 3.6.

Last fall, MongoDB announced that upcoming releases of its open source product would carry a new SSPL license, which said that anyone offering MongoDB as a cloud service also needed to make the resulting service open source. DocumentDB uses a version that precedes the new license.

AWS wants to make it easier for its customers to use MongoDB and, as the dominant cloud player, can chip away on Mongo’s user base.

 SeekingAlpha

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