As a programmer and investor, I was surprised to find out that
MDB
is public. I've used their services a lot, in summary; it's a great platform, great documentation for new users, easy setup and a large capacity for scalability.
Their recent downturn can easily be explained from investors backing out of risky positions a.k.a tech stocks. I can easily see why someone scared of losing money would discard of their positions in a company which still hasn't turned a profit.
It's most definitely a risky buy, yet it's future seems prosperous. With so many businesses going online and offloading all their archaic systems in favor of new technologies, the need for database providers is on the rise. I don't recommend betting to much on the company, but missing this opportunity would be quite a miss.
MDB
is public. I've used their services a lot, in summary; it's a great platform, great documentation for new users, easy setup and a large capacity for scalability. Their recent downturn can easily be explained from investors backing out of risky positions a.k.a tech stocks. I can easily see why someone scared of losing money would discard of their positions in a company which still hasn't turned a profit.
It's most definitely a risky buy, yet it's future seems prosperous. With so many businesses going online and offloading all their archaic systems in favor of new technologies, the need for database providers is on the rise. I don't recommend betting to much on the company, but missing this opportunity would be quite a miss.