Bill Ackman announced on Saturday that his management company would leave Delaware to reincorporate in Nevada.

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.

Meta is considering whether to move its incorporation to Texas, a US state seen as amenable to companies run by big shareholders like Mark Zuckerberg.

Bill Ackman, the owner of investment firm Pershing Square, said on Saturday that he is reincorporating his management company in Nevada.

Americans don’t know the full extent of what Musk is doing as he embeds alongside President Donald Trump at the top of the federal government.

Meta Platforms Inc. is discussing reincorporating its business outside of Delaware, where the company has been legally ...