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

Post by tokioyoyo » Fri, Jan 31, 2025, 8:48 PM UTC

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?

Post by lolinder » Fri, Jan 31, 2025, 8:50 PM UTC

RickS wrote: post #44

lolinder wrote: post #22

Earlier quoted context omitted.

> profit (which Delaware has historically protected), or values (in which case they would incorporate/move to a place that aligns with said values - of which vanishingly few companies do). Which values exactly are being expressed by being incorporated in, say, California? I can totally see how companies that chafe at the requirements imposed on them by some of these high-government states would choose to leave so the…

> Which values exactly are being expressed by being incorporated in, say, California? Depends on when. The whole point is that the incentives, and signal generated by responding to them, are changing a bunch. Just my opinion, but between ~2008 and ~2016, incorporating in CA could at least potentially be read as "We're really serious about hiring the best talent and doing an unusually good job, to the point that we're…

Post by m_ke » Fri, Jan 31, 2025, 8:51 PM UTC

UncleOxidant wrote: post #50

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…

I'm not sure what's keeping LeCun at Meta at this point. I can imagine he's not happy with Zuck's capitulation. I'm sure you're right that if he decided to leave he'd easily be able to get funding. I'm sure France would be willing to set him up with an AI research lab to get him back there. And there would be plenty of other companies/labs that would be trying to get him.

Post by kjksf » Fri, Jan 31, 2025, 8:51 PM UTC

HillRat wrote: post #38

HillRat wrote: post #27

Earlier quoted context omitted.

There's definitely an "investor beware" signal here, especially with companies like Meta that have dual-class share structures (or Tesla, which Musk has unwarranted direct control over and which he has expressed his desire to convert it to a dual-class structure). Texas isn't exactly the extreme "YOLO your fiduciary duties" wild west that, say, Nevada is, but when a company signals that they don't want the stability,…

Also, speaking of Musk, note that for all his fits of pique over losing in chancery court over his attempt to wriggle out of a terrible contract that he wrote (Twitter) and a pay package that was rubber-stamped by a conflicted-controller BoD, he also notched some notable wins on some non-slam-dunk cases there, such as upholding Tesla's acquisition of his cousins' failing company SolarCity.

Post by insane_dreamer » Fri, Jan 31, 2025, 8:55 PM UTC

GoatInGrey wrote: post #35

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…

> a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. This is a pessimistic interpretation of Mark's words that has been trumpeted in the media. Which I am appalled to admit. He said that they anticipate the majority of new code to come from AI models rather than human engineers. He then adds that they expect developers to be augmented by these tools.…