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Updated
SpecsUpdate
Pros
Pro Uses JSON
As Node.js uses JavaScript there's no need to map the returned JSON data from MongoDB, as JavaScript is a superset of JSON. Essentially solving object-relational impedance mismatch by its very nature. Working with JSON is also easier overall as it more easily fits into how you would represent data on the client.
Pro Easy to scale
MongoDB has powerful sharding and scaling capabilities for when the data stored in the database gets so large that a single machine may not be able to store all of it. Sharding solves this problem through horizontal scaling. Mongo gives developers the ability to easily and painlessly add or remove as many machines as needed.
Cons
Con Reported to lose or corrupt data
MongoDB is famously known for leaking and losing data over time (although there are no credible reports of this since the early 2010s)