Purchase MongoDB

@Memo0606 One of my main reasons for the purchase is the multicloud support for AWS, Azure and Google Cloud. The company can play everywhere. Earnings per share only turned positive in 2024, which is correct. I see it as a growth stock with a lot of potential

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Memo0606@Memo0606

1Mon

@Tuffbet have you looked at the chart? or why exactly the entry now?

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Leopold T.@Tuffbet

1Mon

@Memo0606 I buy when volatility increases to get more risk premium. I am not a chartist.

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Memo0606@Memo0606

1Mon

@Tuffbet but of course you want to hold long term or

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Leopold T.@Tuffbet

1Mon

@Memo0606 so it is

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Memo0606@Memo0606

1Mon

@Tuffbet I have researched
abberkauf completely overdrawn tomorrow I'm going in too

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Memo0606@Memo0606

1Mon

@Tuffbet after you bought it, it went down a lot again...
why the sick sell-off?figures were good
only the outlook was a bit subdued

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Frank@BlueVelvet

1Mon

They have just been kicked out of our company (pharma approx. 60000 employees). I work there as a DBA and decommissioned the last Mongo cluster two weeks ago (everything is now running on Oracle/AIX). A colleague of mine works in the same job at a large DIY chain, where the replacement of Mongo is also planned for this year.

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Leopold T.@Tuffbet

1Mon

@BlueVelvet and why have they been kicked out and so Oracle is replacing them?

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Frank@BlueVelvet

1Mon

@Tuffbet There were several reasons for this. The multinode setup is more complex than in Oracle or MS SQL Server, where it is controlled via a simple heartbeat IP. As a result, there were noticeable latencies. Then there were problems with our standard backup software (we use Commvault), replica sets were not easily backed up. The on-board tools mongodump and mongorestore are not very effective in large scale deployments.

Furthermore, automation is used in large environments (via Ansible or Puppet) so that every system delivered is like an egg to another. This all had to be developed individually in yaml and gitlab for the Mongo deployment, whereas there are already ready-made libraries for Azure SQL, Oracle or MS SQL on premise. It was a real rat's tail as it is a niche solution.

MS NoSql solutions are now also available, as are Cosmos and Oracle, for example. The unique selling point that Mongo claimed simply no longer exists.

I could also talk about monitoring systems that have to be specially calibrated for this.

The decisive factor in the end was also the resources on the labor market. Oracle and MS SQL administrators are simply more available than those for a niche product. You can simply do the test and go to a job portal and compare the number of hits when you enter Oracle Admin or Mongo Admin.

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Leopold T.@Tuffbet

1Mon

@BlueVelvet thanks for the insight

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Memo0606@Memo0606

1Mon

@BlueVelvet so you would advise against investing in mongo

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Frank@BlueVelvet

1Mon

@Memo0606 I have not dealt with the share financially and do not know how it is valued and what cash flow it generates.
From a technical point of view, however, I would no longer use MongoDB.

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Memo0606@Memo0606

1Mon

are you buying more?

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Leopold T.@Tuffbet

1Mon

@Memo0606 No, I do not buy individual shares. They either run or they don't

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Memo0606@Memo0606

1Mon

@Tuffbet all right.

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