Delaware is facing a further exodus of tech companies amid reports that Meta and Dropbox are moving out of the state. Newsweek has contacted Meta and Dropbox for comment via email.
Meta is considering whether to move its incorporation to Texas, a US state seen as amenable to companies run by big shareholders like Mark Zuckerberg, the Wall Street Journal reported Friday.
Meta’s possible move to Texas echoes Elon Musk’s decision to reincorporate Tesla and SpaceX to the Lone Star state. Musk’s move to exit Delaware came after a court in the state ordered him to give up ...