Meta Platforms, the parent company of Facebook, Instagram and other social media platforms, is in discussions to move its incorporation from Delaware, The Wall Street Journal reported last week. Following that news, reports came that Dropbox Inc. and Bill Ackman’s Pershing Square Capital Management are doing the same.

Meta is considering a similar move to Elon Musk’s Tesla and SpaceX. Meta Platforms is in discussions about moving its incorporation from Delaware to Texas or other states, the Wall Street Journal reported on Friday,

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 may be shopping for a Stetson. The social media giant reportedly is considering moving its legal residence to Texas. Meta Platforms Inc. — as the owner of Facebook, Instagram and WhatsApp is officially known — is in confidential discussions about relocating its incorporation from Delaware,