Facebook and Instagram parent company Meta Platforms is reportedly in talks to reincorporate in Texas. Like many large U.S. corporations, the social media giant is incorporated in Delaware, but it might soon be migrating south,

Meta talked to officials about moving its incorporation from Delaware to Texas, the Wall Street Journal reports.

Meta Platforms is in discussions about moving its incorporation from Delaware to Texas or other states, the Wall Street Journal reported on Friday, citing people familiar with the matter.