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Are they doing a buy back? Didn’t Steve Jobs say trading cash by buying back stock the worst idea ever?
by ginger2016 4y ago
Are they doing a buy back? Didn’t Steve Jobs say trading cash by buying back stock the worst idea ever?
- advisedwang 4y agohttps://techstory.in/snapchat-announces-a-new-500-million-share-buyback-plan/ 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.
- ssharp 4y agoFor 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.
- htrp 4y agoDepends on when the options of the executive team were issued..... and whether a buyback gets them back into the money?