Meta Platforms is reportedly exploring the possibility of relocating its incorporation from Delaware to Texas or other states, as indicated by the Wall Street Journal.
The social media company has engaged in discussions with Texas officials regarding this potential shift, which is said to have begun before the Trump administration. However, this change would not affect its corporate headquarters, which will remain in Menlo Park, California.
A spokesperson for Meta declined to comment specifically on the reincorporation talks.
This move mirrors Elon Musk’s earlier decision to reincorporate Tesla and SpaceX in Texas after a Delaware court ruled against him regarding his substantial compensation package.
Texas is often seen as offering a more favorable legal and regulatory landscape for businesses, especially concerning taxation and corporate governance, making it an appealing option for companies looking to reduce costs and enhance operational efficiency.
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