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STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of activity of options outstanding | Activity of options outstanding are as follows (in thousands, except per share and years data):
| Options Outstanding |  | Weighted Average Exercise Price per Share |  | Weighted Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value
Balance at January 1, 2022 | 37,208 |  |  | $ | 18.60 |  |  | 7.83 |  | $ | 8,698,078 |
Issued | 937 |  |  | 177.79 |  |  |  |  |
Exercised | (3,012) |  |  | 13.59 |  |  |  |  |
Forfeited and cancelled | (1,722) |  |  | 22.79 |  |  |  |  |
Balance at September 30, 2022 | 33,411 |  |  | 23.30 |  |  | 7.19 |  | 1,481,640 |
Vested and exercisable at September 30, 2022 | 18,506 |  |  | 18.19 |  |  | 6.70 |  | 882,457 |
Vested and expected to vest at September 30, 2022 | 27,277 |  |  | 23.26 |  |  | 7.04 |  | 1,229,963 |
Schedule of share-based payment award, options, valuation assumptions | The assumptions used under the Black-Scholes-Merton Option-Pricing Model and the weighted average calculated value of the options granted to employees were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Dividend yield | 0.0 | % |  | N/A |  | 0.0 | % |  | 0.0 | %
Expected volatility | 76.1 | % |  | N/A |  | 59.3 | % |  | 44.0 | %
Expected term (in years) | 5.8 |  | N/A |  | 5.8 |  | 4.8
Risk-free interest rate | 3.0 | % |  | N/A |  | 2.1 | % |  | 0.5 | %
Schedule of activity of RSUs outstanding | Activity of RSUs outstanding are as follows (in thousands, except per share data):
| Number of Shares |  | Weighted-Average Grant Date Fair Value per Share
Balance at January 1, 2022 | 7,482 |  |  | $ | 157.22 |
Granted | 7,860 |  |  | 144.69 |
Vested | (6,906) |  |  | 153.57 |
Forfeited and cancelled | (1,582) |  |  | 164.86 |
Balance at September 30, 2022 | 6,854 |  |  | 144.64 |
Schedule of activity of restricted Class A common stock | Activity of restricted Class A common stock is as follows (in thousands, except per share data):
| Number of Shares |  | Weighted-Average Grant Date Fair Value per Share
Balance at January 1, 2022 | 2,014 |  |  | $ | 137.57 |
Granted | 323 |  |  | 137.05 |
Vested | (925) |  |  | 129.72 |
Forfeited and cancelled | — |  |  | — |
Balance at September 30, 2022 | 1,412 |  |  | 143.33 |
Schedule of stock based compensation | Stock-based compensation is included in the following components of expenses on the accompanying condensed consolidated statements of operations (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Technology and development | $ | 275,817 |  |  | $ | 176,785 |  |  | $ | 793,573 |  |  | $ | 381,030 |
Sales and marketing | 18,461 |  |  | 10,095 |  |  | 52,813 |  |  | 20,299 |
General and administrative | 97,163 |  |  | 77,314 |  |  | 288,692 |  |  | 156,828 |
Total | $ | 391,441 |  |  | $ | 264,194 |  |  | $ | 1,135,078 |  |  | $ | 558,157 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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