Private equity firm Silver Lake Partners and hedge fund Elliott Management agreed to invest $1bn in Twitter. The company expects to use Silver Lake's investment, together with cash on hand, to fund a $2bn share repurchase program that will be executed over time. "Twitter serves the public conversation, and our purpose has never been more important. Silver Lake's investment in Twitter is a strong vote of confidence in our work and our path forward. They are one of the most respected voices in technology and finance and we are fortunate to have them as our new partner and as a member of our Board. We welcome the support of Egon and Jesse, and look forward to their positive contributions as we continue to build a service that delivers for customers, and drives value for stakeholders," Jack Dorsey, Twitter co-founder and CEO.