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Tesla Left. Is Meta Next? Delaware’s Corporate Law Crisis, Explained | WSJ

Posted

April 17, 2025

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Big name companies from Tesla and Meta to Roblox and Dropbox have left or are considering leaving Delaware, long the king of U.S. corporate law. Most of the country’s biggest companies including Amazon and Google are incorporated in Delaware, but after a series of controversial court decisions, a wave of companies are looking at an exit. Business incorporation accounted for nearly 30% of revenue for DE in 2024, so what’s at stake for the state?

WSJ spoke with Gov. Matt Meyer and a corporate lawyer to explain how the state is fighting back – and why it matters.

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Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.

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