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STOCK-BASED COMPENSATION (Tables)

9 Months Ended

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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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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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.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year.

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