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Meta in talks to reincorporate in Texas or another state, WSJ reports

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Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#161

Post by tokioyoyo »

darth_avocado wrote: post #149
ryandrake wrote: post #130

Earlier quoted context omitted.

Various pundits have been really pushing this "People are leaving California in droves!" narrative, desperately hoping that it one day becomes true. They need it to be true in order to repudiate all the various political Californisms that they disagree with. The reality is that California's population declined less than 1% in one year out of the last 125 and stood approximately steady in one year. It increased the re…

Yet, tax revenues are dropping everywhere. At a state level and at local levels.

You’re really underestimating how much people value the ability of just going outside at any point of the year without and physical annoyances. It’s hard to live anywhere else once you experience the life in that climate, and people won’t move out easy. Ok, I’m definitely overstating, and very biased, but still.

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#162

Post by kasey_junk »

dgfitz wrote: post #141
kasey_junk wrote: post #91

Earlier quoted context omitted.

It’s less a value judgement than a fact of law. Delaware has strict rules, precedents and courts that enforce shareholder protections. By leaving Delaware the company has signaled that giving that up is less if a downside than whatever upside they are getting in the new jurisdiction. In the case of Tesla it was an explicit repudiation of those rules that caused the company to leave, so it’s reasonable to see it as a…

Same point. Leaving a constrained environment for a less-constrained environment. If shareholders don’t like this move, they are free to move on from their position. They are owed what they own, because of their belief in future profits. If shareholders think this move is detrimental to that, move on. Like mentioned, Zuck owns the control. This isn’t a secret revealed to shareholders after they buy in to the gambit.

Thats not true. Shareholders have rights beyond future profits. Those rights are governed by the constraints of the environment, and are part and parcel to the ownership of the shares. Zuck has a large amount of control both because of his ownership percentage and the ownership structure, but even with that amount of control the rights of the shareholders are not something he can change unilaterally.

Changing the incorporation location is absolutely a change to the ownership introduced to the shareholders after they buy into the shares. This is basic property rights stuff, not some sort of fringe theory.

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#163

Post by drewcoo »

m_ke wrote: post #13

I can't imagine what it's like at Meta right now, with the CEO publicly stating that they're firing the bottom 5% of performers and then a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. Zuck needs Yann LeCun and other senior researchers at Meta a lot more than they need him. If they were to quit there would be a line out the door to hand them as muc…

It's Jack Welch's rank and yank but this time with LLMs!

https://en.wikipedia.org/wiki/Vitality_curve

I wonder if there are future plans to rank and yank LLMs, too. Or whether LLMs will exhibit "morale problems" because of it.

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#164

Post by jimbob45 »

hnthrow90348765 wrote: post #30
dannyisaphantom wrote: post #18

Seems like there is a multi-industry push to move into Texas; came across a video the other day of Matthew McConaughey & Woody Harrelson (and other big name actors) reprising their True Detective role calling for the Texas legislature to increase incentives that bring Hollywood productions over to Texas. [1] https://www.rollingstone.com/tv-movies/tv-movie-news/matthew... [2] https://variety.com/2025/tv/news/matthew-m…

Why TF does everyone want to be in Texas heat or not be able to go outside?

There are a lot of people in Texas and the biggest cities are quite close together. In fact, you can start in Dallas, drive down to Waco, drive down to Austin, drive down to San Antonio, and you've only driven four hours to do so. If ever there was untapped access to a huge workforce, it's in Texas.

Even better, Houston actually has the lowest homelessness rate of any major US city[0] and access to water. People are really sleeping on Houston's future right now.

[0]https://www.reddit.com/r/houston/comments/1dpg4he/did_you_kn...

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#165

Post by zifpanachr23 »

jedberg wrote: post #129
hnthrow90348765 wrote: post #30

Earlier quoted context omitted.

Why TF does everyone want to be in Texas heat or not be able to go outside?

It's very libertarian. No taxes, few regulations. Some people die here and there from the lack of safety, but that's a sacrifice the government is willing to make.

This is a massive oversimplification. The taxes and regulations are simply handled at a lower level of government. If you've ever lived in a large Texas metro, you would know it's not the wild west it gets portrayed as. Lots of places that give off serious California NIMBY vibes and that are relatively expensive. The difference is that taxation and government services are typically handled via property tax and delivered locally instead of at the state level.

California and Texas have a lot more in common than people who've only lived in one or the other think. Texas just happens to be growing very quickly and is in some ways more geopolitically important at the moment (energy and exports and semiconductors and finance), which (besides less business regulation) is a big reason for the outflow from Cali and other states to Texas.

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#166

Post by [deleted] »

alecb wrote: post #153
kelnos wrote: post #131

Earlier quoted context omitted.

It saddens me that taking an ethical stance is now derisively considered "virtue signaling". I would never work at Meta, not because refusing to do so would make me feel good, but because working there would make me feel like I'm making the world a worse place.

The idea of having a moral compass is antagonistic to the worldview of a lot of people in tech, so they are instinctively dismissive or condescending to anyone who does.

[deleted]

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#167

Post by ryandrake »

tgma wrote: post #126
ryandrake wrote: post #123

Earlier quoted context omitted.

This seems like a pretty widely shared ethos in today's software engineering culture. "I'd happily build the Torment Nexus if you pay me enough!" No ethical baseline below which we refuse to pass. Simply a required $$$:EVIL ratio.

It's not always like that. Most of the team would be hired to move protobufs around for the Torment Nexus so it seems quite innocuous.

Yea, I think this is how a lot of engineers rationalize it. "Well, I'm not directly participating in my company's A/B experiment to see what types of content drive children to suicidal ideation! I'm just moving data from the project's logging side of the stack to the metrics side of the stack so that reports can be generated. Don't blame me!"

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#168

Post by fuzztester »

alpha_squared wrote: post #112
Aurornis wrote: post #104

Earlier quoted context omitted.

> the CEO publicly stating that they're firing the bottom 5% of performers I understand that people don't like any talk about layoffs and performance management, but I've never worked at a company where being in the bottom 5-10% of performers meant your job was safe. I've also never worked at a big company that didn't have at least 1-in-20 people who were clearly underperforming and everyone around them knew it. I kn…

Taking this to its eventual conclusion, wouldn't you just fire everyone? Say you fire 5% now, then another 5%, and another, and so on. Obviously, you'll still hire, so you can argue that not everyone will be fired, but you could potentially just be firing/pushing out all the people you have today over the next X years to replace them with what you believed to be better employees. However, those newer employees are no…

>Taking this to its eventual conclusion, wouldn't you just fire everyone?

>Say you fire 5% now, then another 5%, and another, and so on.

sounds a bit like Zeno's paradox, or one of them.

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#169

Post by mainecoder »

Conscat wrote: post #6
reissbaker wrote: post #5

Earlier quoted context omitted.

What do you mean by "illegally"? If the government allows SpaceX to block roads, then... SpaceX blocking roads is legal. What other definition of "legal road closure" is there?

There are limits to when and for how long you are allowed to close roads for specific purposes, just as there are limits to when and where you can launch rockets of specific sizes. SpaceX ignored the rules, and nobody enforces them despite the protests from residents of Boca Chica. Obviously the Texas government agrees with you that the law is whatever they choose to enforce, but there are still written rules.

What SpaceX is doing is more important than Boca Chica

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#170

Post by HWR_14 »

hinkley wrote: post #92
_zoltan_ wrote: post #79

Earlier quoted context omitted.

without Musk there is no Tesla.

I know a PayPal employee who would get a vein on his forehead if you suggested Leon had anything to do with their success. Whether it’s true or not another .1% of his net worth per year isn’t going to prove it.

> another .1% of his net worth per year isn’t going to prove it.

It was a 56 billion dollar pay package. That's substantial even for Elon.

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