The main Feynman diagram I've seen corresponding to this decay is the following:
What I don't understand is why is it not possible for the up-antiup quarks that form the pion to annihilate into a single virtual photon, and then have that virtual photon decay to a positron-electron pair, similar to the annihilation of electron-positron pairs into a muon-antimuon pair in the following fashion?
EDIT: My question was closed and flagged as a duplicate of a question that did not answer what I asked so I repost it. I repeat, it is NOT a duplicate, I am not asking why the loop contribution is suppressed, I am asking why a different Feynman diagram is not acceptable.