In a 10-minute video called "I'm Stepping Down..," Canadian YouTuber Linus Sebastian announced that he's stepping down as CEO of Linus Media Group, the company that runs Linus Tech Tips (LTT) as well as companies like Creator Warehouse and Floatplane Media. Slashdot reader thesinfulgamer writes: Linus talked about resigning from LTT on a livestream 3 years ago. He announced today that he is stepping down as CEO and changing to "Chief Vision Officer" to focus on just the content and community with zero business administration duties. His former boss from NCIX, Terren Tang, will be taking over as CEO on July 1st. In the video, Linus also mentions Linus Media received an offer of $100 million to "sell out" but turned it down, "citing a combination of factors like the fact they liked working with the company as it was and that, to be real, they were already super rich already," adds Kotaku.

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