Trump Media moves to Florida for better business climate

In early May 2025, Trump Media & Technology Group, the company founded by former President Donald Trump, shifted its incorporation from Delaware to Florida. This move comes amid a growing trend of companies relocating from Delaware, where corporate law has faced criticism from many businesses. Trump Media CEO Devin Nunes mentioned that the decision was influenced by concerns over what he described as 'corporate lawfare by woke activists' in Delaware. By moving to Florida, Nunes emphasized that the company would benefit from a business-friendly environment that fosters free expression and allows companies to focus on their core operations without the distractions of progressive activism. Nunes also noted that Florida offers an atmosphere conducive to free speech and less corporate pressure, which aligns with the company's values. The trend of businesses exiting Delaware has gained momentum, with several prominent firms such as Tesla, SpaceX, Pershing Square, Mercado Libre, and Dropbox making similar moves for the perceived benefits Florida provides. This migration reinforces Florida's reputation as a pro-business state, attracting more companies seeking favorable operational conditions. As this trend continues, observers will likely monitor how the shift affects Trump Media's operations and its market position in a business landscape increasingly characterized by polarization and advocacy. Additionally, the relocation highlights growing tensions between corporate governance practices in different states, with Delaware traditionally known for its corporate laws that some now find restrictive. Florida's leadership in fostering a more open and business-friendly environment could prompt further corporate migrations from states facing similar criticisms. Overall, the decision by Trump Media to move its incorporation signifies an important shift in the ongoing narrative around corporate governance in America, where companies are increasingly seeking environments that align with their corporate philosophies. The broader implications of such relocations may reflect a changing landscape in how companies engage with societal issues, particularly those surrounding freedom of expression and activism.