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.
Bill Ackman announced on Saturday that his management company would leave Delaware to reincorporate in Nevada.
The owner of Facebook and Instagram is incorporated in Delaware, but is considering a change. Its corporate headquarters would remain in Silicon Valley, people with knowledge of the matter said.