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Meta Eyeing Possible Reincorporation In Texas, Report Says

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Meta Eyeing Possible Reincorporation In Texas, Report Says


Topline

Mark Zuckerberg’s Meta is considering a reincorporation from Delaware to a new state, according to multiple outlets, mulling the move less than a year after SpaceX and Tesla CEO Elon Musk took his companies’ incorporation out of Delaware and moved them to Texas.

Key Facts

Meta is in talks about moving its legal headquarters away from Delaware, according to Bloomberg, mulling the move from a state that has built a favorable reputation among corporations for its tax benefits and lax incorporation requirements.

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The social media company has talked with Texas officials regarding a potential move to the Lone Star state, The Wall Street Journal reported, citing unnamed people familiar with the matter.

Meta has also considered a reincorporation in other states, the Journal reported, though it did not specify which states were up for consideration.

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Meta told Forbes there are no plans to move its corporate headquarters, which is located about 30 miles south of San Francisco, California.

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Big Number

Over 60%. That is the share of Fortune 500 companies that were incorporated in Delaware as of 2023, according to CNBC. Some of the companies incorporated in the small state include Alphabet, Amazon and Comcast.

Forbes Valuation

We estimate Zuckerberg’s net worth at $237.8 billion, making him the third-wealthiest person in the world behind Amazon co-founder Jeff Bezos ($250.7 billion) and Musk ($421.7 billion).

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Key Background

It is unclear why Meta is reportedly considering a move from Delaware, a long-established tax haven for corporations. The state has less red tape attached to incorporation processes, does not require corporations to pay state corporate income tax if they operate outside of Delaware and has a court of chancery explicitly designed to handle corporate law litigation. Musk reincorporated Tesla from Delaware to Texas after the former state’s court of chancery invalidated his $50.9 billion Tesla pay package, calling it excessive.

Further Reading

Meta in Talks to Reincorporate in Texas or Another State, Exit Delaware (WSJ)

Elon Musk Says Tesla Shareholders Support $50 Billion Pay Package ‘By Wide Margins’ (Forbes)

Musk Says SpaceX Has Moved State Of Incorporation To Texas Amid Feud With Delaware (Forbes)

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Texas

Fitness influencer drowns during swimming portion of Ironman Texas

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Fitness influencer drowns during swimming portion of Ironman Texas


A Brazilian fitness influencer has died after getting into difficulty during the swimming portion of an ironman event in Texas.

Mara Flavia Souza Araujo was reported as a “lost swimmer” around 7.30am at the Ironman Texas in Lake Woodlands near Houston on Saturday. According to KPRC 2 News, safety crews could not immediately locate Araujo. The 38-year-old’s body was discovered around 90 minutes later in 10ft of water by divers. She was pronounced dead on the scene.

Montgomery County Sheriff’s Department confirmed her identity in a statement to NBC on Monday.

“MCSO can confirm that Mara Flavia Souza Araujo, 38, of Brazil died while competing in the Ironman event in The Woodlands on Saturday,” the sheriff’s department told NBC News. “Preliminary investigations indicate she drowned during the swimming portion of the event.”

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Araujo was an experienced triathlete and had completed at least nine ironman events since 2018. She had more than 60,000 followers on Instagram and had posted about the importance of making the most out of life in the days before her death.

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“Enjoy this ride on the bullet train that is life,” she wrote in Portuguese. “And even with the speed of the machine blurring the landscape, look out the window – for at any moment, the train will drop you off at the eternal station.”

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Organizers of the race expressed their condolences on Saturday.

“We send our deepest sympathies to the family and friends of the athlete and will offer them our support as they go through this very difficult time,” race organizers said in a statement on Saturday. “Our gratitude goes out to the first responders for their assistance.”



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Glamorous triathlete shared haunting post before drowning during Texas Ironman competition

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Glamorous triathlete shared haunting post before drowning during Texas Ironman competition


A glamorous triathlete who drowned during an Ironman competition in Texas shared a photo from a swimming pool during a final training session just two days before the tragic race.

Brazilian influencer Mara Flávia, 38, shared the shot of her on the edge of a pool on Thursday — two days before she vanished during an open-water swim in The Woodlands Saturday morning.

“Just another day at work,” Flávia, 38, wrote in Portuguese alongside the pic of her wearing a matching pink swimming costume and cap.

Triathlete Mara Flávia was seen sitting by the side of the pool in a snap shared hours before her death. Instagram / @maraflavia

The influencer, who had more than 60,000 followers online, chose the Robin S track “Show Me Love” for her post with the hashtags “triathlon,” “swimming” and “triathlete.”

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Flávia vanished during an open-water swim in The Woodlands Saturday morning – the first of three grueling trials that competitors face during the 140-mile race.

Fire crews were told about a “lost swimmer” at around 7:30 a.m., one hour into the pro-female swim, KPRC reported.

Rescuers battled challenging visibility conditions before Flávia’s body was pulled from the water just after 9:30 a.m. 

Montgomery County Sheriffs confirmed that the victim “drowned while participating in the swim portion of the event,” according to a statement. The office said its Major Crimes unit will continue the investigation “per normal protocols.”

Shawn McDonald, a volunteer, recounted the commotion before the swimmer’s body was recovered.

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The athlete boasted 60,000 followers online. Instagram / @maraflavia
Mara Flávia seen beaming in a poolside snap. maraflavia/Instagram

The dad, who volunteered with his daughter Mila, 12, said a group of younger volunteers in a kayak raised a flag and blew their whistles, “yelling for help.”

“I heard them say she went under,” he wrote on Facebook. 

“I had Mila hand me the paddle and I started calling out to the athletes around us to stop so I could cross. I made my way over in about 30 seconds.

“When I got there and asked what happened, they all said the same thing: She went under. Right here. Right below us. The panic and fear on their faces won’t leave me for a long time.”

The volunteer recalled how one man had a “thousand-yard stare” on his face – before diving into the water in a desperate bid to find Flávia.

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She drowned during a swimming event at The Woodlands. Getty Images for IRONMAN

“I dove in immediately and began searching. After about a minute underwater, I felt her body with my foot. I surfaced, took what seemed like the deepest breath I have ever taken and went back down. She was gone.”

Boats with sonar combed the area – and McDonald was told to leave the water before the body was recovered.

“The victim was found in about 10 feet of water on the bottom of the lake,” Buck said. “The dive team accessed the victim, brought her up about 9:37 and then brought her over to the shore where she was pronounced DOS [deceased on scene],” Palmer Buck, the Woodlands fire chief, said.

It’s not known what caused the triathlete to go under the water.

Journalism grad Flávia previously worked in radio and television before pursuing a sporting career at age 28.

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She previously twice won the Brazilian Grand Prix, and finished third in the Brasilia triathlon event.  





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Texas A&M Forward Transfer Seemingly on Visit to See Lady Vols Basketball | Rocky Top Insider

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Texas A&M Forward Transfer Seemingly on Visit to See Lady Vols Basketball | Rocky Top Insider


fatmata janneh lady vols basketball
Photo via Texas A&M Athletics

Lady Vols basketball is looking to add more pieces to its 2026-27 roster with high-level experience. After completing her junior season at Texas A&M, Fatmata Janneh has emerged as a Tennessee target for her final year of eligibility. According to her Instagram story on Sunday night, she is in Knoxville.

With the Aggies a year ago, the 6-foot-2 forward averaged 11.4 points per game on 43.3% shooting from the field. She also showed off an ability to hit from range, posting 1.1 makes per game on 33% shooting from three.

Perhaps Janneh’s biggest strength is her rebounding, though. She ripped down 9.7 boards per contest, good for the fifth-most in the SEC. This featured 2.6 rebounds on the offensive end per outing.

Janneh also averaged 1.1 assists, 1.4 steals and 0.4 blocks per game. She appeared in 27 games, starting in each.

More From RTI: How Watching The NCAA Tournament Drew Terrence Hill Jr. To Tennessee Basketball

Janneh started her career with a pair of seasons at St. Peter’s. As a sophomore, she averaged a double-double, posting 18.2 points and 11.6 rebounds per game. This made her a sought-after transfer in the portal before landing at Texas A&M as the nation’s leading defensive rebounder. As a freshman, she averaged 11.0 points and 8.0 rebounds.

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The forward is from London, England, attending Barking Abbey Sixth Form for her prep ball. She would be the second player from England to join the Tennessee roster if she committed. UT also added the commitment of incoming freshman and former Boston College signee Irene Oboavwoduo this offseason.

So far, Caldwell and the Lady Vols have landed five transfers in this portal cycle. This features Liberty guard Avery Mills, Northern Arizona guard Naomi White, Stanford forward Harper Peterson and Georgia forward Zhen Craft and guard Rylie Theuerkauf.

Tennessee will also roster a pair of incoming freshmen. Four-star recruit and top-50 prospect Gabby Minus is staying true to her signing despite the roster overhaul and assistant coaching changes, along with the addition of Oboavwoduo.





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