Kathmandu,

December 21,

Billionaire Elon Musk says he will step down as chief executive of Twitter as soon as he finds someone "foolish enough" to succeed him.

In a tweet on Tuesday, Musk confirmed that he is searching for his replacement, but he gave no timeline for the process.

He added that following his resignation as CEO, Musk would “run the software & servers teams” at Twitter, indicating he may continue to exercise significant influence on the company’s decision-making.