[ginger2016]

Are they doing a buy back? Didn’t Steve Jobs say trading cash by buying back stock the worst idea ever?

[ssharp]

For Snap? Probably. For Apple? Steve Jobs was never sitting on $100+ billion in cash. Though, Apple's buy backs + dividends made more sense given how profitable they were and how much cash they had on hand. Snap has never had positive operating income.

[advisedwang]

https://techstory.in/snapchat-announces-a-new-500-million-sh...

Both of these take a few months to plan, so from the timing of that story they must have been planning them simultaniously.

[htrp]

Depends on when the options of the executive team were issued..... and whether a buyback gets them back into the money?