Cutting edge technology

Introduction: In seeking to expand its scale, Amazon is sometimes the most valuable listed company in the world, and Amazon sometimes competes with certain business partners. This has happened, such as AWS, and this model continues.

After launching cloud-based database software on Amazon and launching direct competition, MongoDB's share price fell 15% on Thursday and fell 13% at the close.

In the process of seeking to expand, Amazon is sometimes the most valuable listed company in the world, and Amazon sometimes competes with certain business partners. This has happened, such as AWS, and this model continues.

AWS said in a statement: "Amazon DocumentDB is designed from the ground up to provide customers with the performance, scalability and availability needed to operate mission-critical MongoDB workloads on a large scale." AWS said it is using an older version of the MongoDB open source technology.

After the announcement, MongoDB shares fell nearly 5% in after-hours trading on Wednesday.

"We are still optimistic about the prospect of MDB maintaining high growth," KeyBanc Capital Markets analysts Brent Bracelin and Clarke Jeffries wrote in a note to clients late Wednesday. They say that the cloud database market can handle multiple competitors, and MongoDB has "different features" in its updated software.

Cloud deployment is a growing part of the MongoDB business. The company provides a cloud version of its database software on AWS computing and storage infrastructure, as well as on other clouds, including Microsoft Azure. AWS salespeople have been able to collaborate on MongoDB software running on AWS.

"Imitation is the most sincere form of flattery, so it's no surprise that Amazon is trying to take advantage of the popularity and momentum of MongoDB. However, developers are smart enough to distinguish between real things and poor imitations," MongoDB CEO Dev Ittycheria said in a statement.

As cloud providers continue to expand, some software companies that use open source software try to limit the use of their software by other companies. MongoDB adopted a new software license in October.

MongoDB's share price has risen by 200% in the past year. A report from BTIG Research, led by Edward Parker, in a report distributed to clients on Thursday, said: "It is difficult to conclude that this development will not have a negative impact on competition, at least from the perspective of overall risk, especially Is taking into account the high multiple of the stock."

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