Musk quits as Twitter CEO

The billionaire, who bought the social media platform in October 2022 for $US44 billion, revealed he had already selected an unnamed female replacement for the CEO role, who will take over in around six weeks.

Musk’s role will “transition to being exec chair and chief technology officer (CTO), overseeing product, software & sysops”.

He had always planned to remain in the CEO role temporarily, previously revealing he only intended to overhaul the company before handing over the reins.

He had also spoken out about having “too much work” and sleeping at the social media juggernaut’s San Francisco headquarters while rolling out massive changes.