Tech Giants Flee Delaware: Texas Emerges as a New Favorite

Meta and Dropbox are reportedly planning to move their incorporation from Delaware, a state long known for its business-friendly environment, signaling a further exodus of tech companies from the state. Elon Musk's prior criticism of Delaware's business climate and his relocation of SpaceX and Tesla's incorporation to Texas paved the way. Meta and Dropbox's moves are seen as a pursuit of Texas's more favorable business environment and a response to Delaware court rulings. Experts suggest Texas is actively trying to attract companies by cultivating a friendlier judicial environment for businesses.