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Meta In Talks To Reincorporate In Texas or Another State, Exit Delaware
According to the Wall Street Journal (paywalled), Meta is in talks to move its incorporation from Delaware to Texas or other states. Reuters reports: The social media giant has talked to Texas officials about the potential changes, WSJ said, adding that the discussions predate President Donald Trump's new administration. The paperwork change would not relocate its corporate headquarters. A Meta spokesperson said that it does not plan on shifting its corporate headquarters out of Menlo Park, California, but declined to comment on reincorporation when contacted by Reuters. Texas is perceived by some businesses as having a more favorable legal and regulatory environment, particularly in areas such as taxation and corporate governance, which can be attractive to companies looking to cut costs and streamline operations. Read more of this story at Slashdot.
According to the Wall Street Journal (paywalled), Meta is in talks to move its incorporation from Delaware to Texas or other states. Reuters reports: The social media giant has talked to Texas officials about the potential changes, WSJ said, adding that the discussions predate President Donald Trump's new administration. The paperwork change would not relocate its corporate headquarters.
A Meta spokesperson said that it does not plan on shifting its corporate headquarters out of Menlo Park, California, but declined to comment on reincorporation when contacted by Reuters. Texas is perceived by some businesses as having a more favorable legal and regulatory environment, particularly in areas such as taxation and corporate governance, which can be attractive to companies looking to cut costs and streamline operations.
Read more of this story at Slashdot.
