Meta's potential exit from Delaware had governor worried enough to call special weekend meetings

In this article META Follow your favorite stocks CREATE FREE ACCOUNT Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters After news broke on the last day of January that Meta might follow Elon Musk's lead in exiting Delaware to incorporate in another state, Democratic Gov. Matt Meyer sprung into action. Delaware has long been the dominant state for U.S. companies to incorporate due to its flexible corporate code and expert judiciary. More than 20% of the state's tax revenue, amounting to more than $1 billion a year, has historically come from corporate franchise fees, so state lawmakers can ill afford to preside over a mass exodus, or what's been dubbed a "DExit." On Saturday, Feb. 1, a day after The Wall Street Journal published its story on Meta considering a Delaware departure, Meyer, who was brand new to the job, convened an online meeting with attorneys from law firms that have represented Meta, Musk, Tesla and others in sha ... Read full article.