DeadTwo people knowing the issue said that the owner of Facebook, Instagram, and WhatsApp, is considering changing the place that was integrated from Dilayer to another country.
People who were not allowed to talk about secret discussions said that the company is looking at Texas and a few other countries. They added that this process is at an early stage and no decision was taken, and the headquarters of Meta will remain in Menlo Park, California.
Meta passes the corporate reform during the era of Mark Zuckerberg, the founder of the company and CEO. Mr. Zuckerberg has spent the past two years in making discounts in the workforce so that the company operates more and efficiently. Recently, President Trump and policy makers were strongly charged in Washington, where they have developed an agenda for issues such as fighting monopoly and artificial intelligence, which will affect the largest technology companies.
A Meta spokesman declined to comment on possible re -establishment. Wall Street Magazine I mentioned earlier The company may come out of Dilayer and re -establish in Texas or anywhere else.
Since the foundation of Meta in Facebook in 2004, it was combined into Dilayer. Several shareholders ’claims are filed in Dilayer courts, and the definition faces litigation there from a number of cases, including a state that stems from a scandal on the user’s privacy that involves an analytical Cambridge programming company in 2018.
The people said that the destruction in another state may be more suitable for companies instead of the plaintiffs in the lawsuits of collective cases could help death in the future.
Last year, Elon Musk’s private missile company, SpacexIts merging turned into Texas from Delaware. Mr. Musk moved weeks after the Delaware judge was canceled on the Tesla payment package, which is the maker of the electric vehicles he drives.
This case was presented by Tesla shareholders who were challenging the stock option package that allowed Mr. Musk to obtain about 304 million Tesla shares at a predetermined price if the company achieved certain goals. The judge stated that Mr. Musk has already supervised his compensation plan, which is valued at more than 50 billion dollars at the time, with the assistance of the compatible board members.
“One can read this as a bet that because Musk transferred Tesla and some other companies to Texas, the client’s effects are that they will develop the friendly paragraph of observers,” said Eric Tally, a professor of corporate law and governance law. Columbia Faculty of Law.
Over the past few years, the Dilayer Shankri State Court has also issued rulings on other cases that prompted the previous judicial precedents law and sent an echo through legal circles on length -length companies governance practices. Some of these provisions enabled shareholders and deprived companies management councils.
META has a dual -category stock structure that gives Mr. Zuckerberg in full control of the company and its board of directors, which can be challenged by the last provisions in Delaware.
Mr. Tale said that a merger into Texas is easier for existing companies such as Meta and Tesla. He said that the younger company still seems more legitimate and worthy of the shareholders, if it is combined in Delaware because the state has more striking legal requirements for work.
Al -Sayyid Talil said: “The hope that Musk and Zuckerberg will have that the courts in Texas will be easier to do everything they want, even if that involves conflicting interests.” “There is much longer wheel in Texas.”
