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3mo ago

Meta Explores Reincorporation in Texas, Following Trend of Tech Giants

The potential move from Delaware would not impact Meta's California headquarters but reflects shifting corporate preferences for legal and regulatory environments.

Meta's headquarters, at 1 Hacker Way in Menlo Park, would remain in the Bay Area if the company reincorporates in Texas, according to a company spokesperson.
A car passes Facebook's new Meta logo on a sign at the company headquarters on Oct. 28, 2021, in Menlo Park, Calif.
Image
A photograph taken during the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024, shows the logo of Meta, the US company that owns and operates Facebook, Instagram, Threads, and WhatsApp.

Overview

  • Meta is reportedly in talks to move its legal incorporation from Delaware to Texas, considering other states as well.
  • The relocation would not affect Meta's corporate headquarters in Menlo Park, California, according to company representatives.
  • Texas is seen as a favorable state for companies with controlling shareholders, like Meta's CEO Mark Zuckerberg, offering a more lenient legal and regulatory environment.
  • The discussions predate the Trump administration, though Meta has recently aligned with conservative policies, including settling a lawsuit with Trump and reducing fact-checking on its platforms.
  • If finalized, the move would follow Elon Musk's similar decision to reincorporate Tesla and SpaceX in Texas after legal challenges in Delaware.