Facebook and Instagram parent company Meta Platforms is reportedly in talks to reincorporate in Texas. Like many large U.S. corporations, the social media giant is incorporated in Delaware, but it might soon be migrating south,

Meta Platforms (META) is weighing moving its incorporation from Delaware to another state, including potentially Texas, the Wall Street

Meta Platforms (NASDAQ:META) is in talks about moving its incorporation from Delaware, where a majority of large U.S. corporations are legally based, to Texas, the Wall Street Journal reported citing sources familiar with the matter.

Meta Platforms is in discussions about moving its incorporation from Delaware to Texas or other states, the Wall Street Journal reported Friday, citing people familiar with the matter. The social media giant has talked to Texas officials about the potential changes,