Companies Flee Delaware, Seek Stable Legal Environments

Major companies, including Andreessen Horowitz and Roblox, are leaving Delaware for states like Nevada, Texas, and Florida due to increasing legal uncertainty and perceived lack of predictability from the Delaware Court of Chancery. This trend, also seen in companies like Dropbox, Pershing Square Capital Management, and Trump Media and Technology Group, is prompted by concerns about subjective rulings impacting operations and shareholder value. Delaware, home to nearly two million companies, is working to address these concerns, but the impact on its revenue and reputation could be significant.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.