Congratulations on your career choice. Are you suggesting that a company that is hemorrhaging cash and intends to invest in new technologies would divert that cash to a buyback, which as a Scottrade professional you know requires a board resolution? Unless the board has an emergency meeting in the next 36 hours no buyback could be put in place before Monday’s opening.
And may I pick your brain for a simple math question: how long do you think the cash hoard would last if it were spent on propping up a company with a current capitalization of $5 billion?
Snapchat and it’s 15 billion dollar valuation and 164 million cash on hand chuckles at your attempt at comic relief.