The money departing the state is primarily from woke judges, and it is causing this state to lose revenue of insane value. Remember when the board in Delaware stopped Elon from his payout? No more in Delaware, and in this piece are many examples.
But what would you expect, given this is Biden’s home state, so everything is biased to the left, and this is the first payback for going woke, with more to come. I live in Delaware and have observed massive rebuilding of the infrastructure, especially for roads and bridges, and I assume all the money came from good ole Joe.
However, good ole Joe is gone, and with dumb moves like this, losing all this revenue is on the Judges with no more Joe protection. In addition, our Senator Chris Coons is out of touch and supports boys in girls’ sports. But then our Congressperson is Trans and always trying to get on stage to promote what others don’t believe. The companies that departed are not coming back. I don’t see a bright future for this state for some time. All IMO.
https://www.newsmax.com/finance/streettalk/doordash-incorporated-delaware/2026/08/11/id/1265810/
“For more than a century, Delaware enjoyed something close to an automatic presumption in American corporate law: If you were building a major company or preparing to go public, you incorporated in Delaware.
That presumption no longer exists.
On Tuesday, DoorDash, a major online delivery service, informed the Securities and Exchange Commission that the controlling stockholders approved reincorporating the company in Nevada, following unanimous approval from DoorDash’s board.
What makes the decision particularly significant is the rationale.
DoorDash pointed to what it sees as surprising outcomes in Delaware courts and an increasingly litigious corporate environment.
Nevada, by contrast, offers a more statute-focused system that the company believes can provide greater predictability.
For decades, Delaware’s great competitive advantage was predictability. Its specialized Court of Chancery, sophisticated judges, and enormous body of corporate case law gave companies confidence they understood the rules.
Today, critics argue that recent Delaware decisions have weakened that advantage as the state has embraced woke politics, been influenced by plaintiff law firms dominating the state’s political machinery, and tolerated outright legal corruption.
Over the past two years, more than 60 public companies with over $3 trillion in combined market capitalization have left Delaware.
Worse, Delaware is losing a major share of big public companies.
Delaware historically captured more than 80% of operating-company IPOs, whereas its share fell to approximately 64% in the first half of 2026, with Texas and Nevada gaining ground, according to a new study.
DoorDash was not the lone big public company to Dexit (exiting has become so common it’s now abbreviated) this summer.
Granite Ridge Resources, the New York Stock Exchange-listed energy company, changed its incorporation from Delaware to Texas on Aug. 5 following shareholder approval.
The company cited uncertainty created by high-profile Delaware court decisions, shareholder litigation costs, rising directors-and-officers insurance expenses, and Delaware franchise taxes among its considerations.
Four more major energy businesses — Energy Transfer, Sunoco, SunocoCorp, and USA Compression Partners — changed their legal homes from Delaware to Texas effective July 6.
Energy Transfer alone is valued at roughly $68 billion and operates approximately 140,000 miles of pipelines and energy infrastructure.
The departures follow an earlier wave involving some of corporate America’s best-known names.
Tesla, Coinbase, Roblox, Dropbox, Dillard’s, Simon Property Group, FirstCash Holdings, and Bill Ackman’s Pershing Square are among the public companies that have left Delaware.
Liberty Media, owner of Formula One, approved a move to Nevada in May, while Datadog announced plans to reincorporate there, citing greater predictability and protections for corporate directors and officers.
Elon Musk helped turn the issue into a national corporate debate after Delaware’s Court of Chancery struck down his multibillion-dollar Tesla compensation package.
In rescinding his compensation plan, the court criticized Musk for receiving excessive compensation but then awarded plaintiff law firms a stunning $345 million for their legal filings.
After an outcry over the case fees, the Delaware Supreme Court reinstated Musk’s compensation but still required Tesla to pay the plaintiff firms $54 million in fees. The actual plaintiff received just $1.
Tesla subsequently moved its incorporation to Texas, while Musk’s privately held SpaceX and Neuralink also left Delaware.
Musk has publicly urged other companies to reconsider incorporating in the state.
Coinbase followed the Texas path. Its chief legal officer, Paul Grewal, criticized what he characterized as unpredictable Delaware court outcomes while praising Texas for greater efficiency and legal predictability.
The movement is also being measured by companies that have snubbed Delaware altogether.
ExxonMobil, for example, was incorporated in New Jersey but decided to move its domicile.
In the past, Delaware would have been the likely choice, but the energy giant snubbed Delaware after considering it, choosing Texas earlier this year.
Critics argue that litigation is at the center of Delaware’s problem.
Harvard Law professor emeritus Alan Dershowitz has described the state’s judiciary as “one of the most corrupt in the nation.”
The renowned lawyer has said corporations and their boards put themselves at serious risk by staying domiciled in Delaware.
Karen Harned, former executive director of the National Federation of Independent Business Small Business Legal Center, has similarly argued that corporate leaders increasingly see the once-vaunted Court of Chancery as unpredictable and conducive to lucrative shareholder litigation.
Texas and Nevada, meanwhile, have aggressively competed for corporate incorporations.
Texas has established a specialized business court and strengthened its corporate statutes, while Nevada has promoted strong protections for directors and officers and a more statute-driven legal framework.
The potential consequences for Delaware are significant.
For decades, its sophisticated corporate courts and body of case law made incorporation there virtually automatic for major companies.
DoorDash’s departure suggests the challenge is no longer confined to Musk or a handful of founder-led technology companies.
From technology and cloud software to pipelines, fuel distribution, and now food delivery, some of America’s largest corporations are leaving Delaware for states that protect the interests of companies and their shareholders.”