{"id":651877,"date":"2025-02-02T11:40:18","date_gmt":"2025-02-02T08:40:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/meta-mulling-incorporation-shift-to-texas-report\/"},"modified":"2025-02-02T11:40:18","modified_gmt":"2025-02-02T08:40:18","slug":"meta-mulling-incorporation-shift-to-texas-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/meta-mulling-incorporation-shift-to-texas-report\/","title":{"rendered":"#Meta mulling incorporation shift to Texas: report"},"content":{"rendered":"
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\n \"Meta
\n Meta CEO Mark Zuckerberg attended the inauguration of US President Donald Trump, who has been a critic of the Silicon Valley company.
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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.<\/p>\n

The social media<\/a> giant has been incorporated in Delaware since 2004, when the company was known as Facebook.<\/p>\n

A shift to Texas by Meta would follow in the footsteps of Elon Musk, who switched incorporation of Tesla and some other companies he runs to the state after a Delaware judge voided his huge compensation package.<\/p>\n

In a ruling, Delaware Chancery Court Judge Kathaleen McCormick sided with a shareholder who claimed the Tesla CEO was overpaid, app<\/a>roving the annulment of Musk’s 2018 compensation agreement worth as much as $55.8 billion.<\/p>\n

Suits filed by shareholders are typically heard in courts where companies are incorporated, and Texas portrays itself as a friendly venue for companies run by shareholders with controlling interests.<\/p>\n

Meta spokesperson Andy Stone told AFP he could not confirm the Journal report and that the company had no plans to move its headquarters from California’s Silicon Valley.<\/p>\n

Texas has a history of supporting conservative political candidates, Trump among them.<\/p>\n

Trump has recently courted tech titans including Zuckerberg and X owner Musk, both of whom attended the president’s inauguration in Washington.<\/p>\n

Meta has pulled back on fact checking and diversity initiatives as Zuckerberg embraces Trump.<\/p>\n

Zuckerberg has tweaked Meta’s policies to lift restrictions on some content within the company’s apps, which include Facebook, Instagram, Threads and WhatsApp.<\/p>\n

Meta would be “restoring free expression on our platforms,” Zuckerberg, who reportedly dined with Trump at his Florida estate in November, said in announcing a recent rollback of fact-checking operations.<\/p>\n

Meta this week said it agreed to pay Trump $25 million to settle a 2021 lawsuit he filed claiming he was wrongfully censored by Facebook and Instagram after the US Capitol riot.<\/p>\n

\n \u00a9 2025 AFP\n <\/p>\n

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\n Citation<\/strong>:
\n Meta mulling incorporation shift to Texas: report (2025, February 1)
\n retrieved 2 February 2025
\n from https:\/\/techxplore.com\/news<\/a>\/2025-02-meta-mulling-incorporation-shift-texas.html\n <\/p>\n

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