Liquid democracy is a collective decision making paradigm which lies between direct and representative democracy. One of its main features is that voters can delegate their votes in a transitive manner so that: A delegates to B and B delegates to C leads to A indirectly delegates to C. These delegations can be effectively empowered by implementing liquid democracy in a social network, so that voters can delegate their votes to any of their neighbors in the network. However, it is uncertain that such a delegation process will lead to a stable state where all voters are satisfied with the people representing them. We study the stability (w.r.t. voters preferences) of the delegation process in liquid democracy and model it as a game in which the players are the voters and the strategies are their possible delegations. We answer several questions on the equilibria of this process in any social network or in social networks that correspond to restricted types of graphs.