Billionaire Elon Musk applauded one of Latin America’s leading ecommerce companies for quitting Delaware as its corporate domicile.

Last week Mercado Libre, a leading e-commerce platform in Latin America, announced in an SEC filing its plans to move its corporate domicile to reincorporate its operations in Texas.

Musk greeted the Mercado Libre announcement with little surprise, saying on X: “At this point, any lawyer recommending incorporation in Delaware is committing malpractice.”

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