TechMeme
MongoDB reports Q2 revenue up 30% YoY to $771.8M, vs. $735M est., Atlas revenue up ~29% YoY, below major hedge funds' expectations; MDB drops 12%+ after hours (Mariapaula Gonzalez/Barron's Online)
MongoDB reported second-quarter revenue of $771.8 million, a 30% year-over-year increase, while its Atlas cloud service grew about 29% YoY but fell short of major hedge-fund forecasts, prompting a post-market share decline of more than 12%. The FBI also opened an investigation into Nexus, a dark-web operation offering digital scans of over 153 million U.S. and Canadian driver’s licenses.