XML 53 R43.htm IDEA: XBRL DOCUMENT
v3.23.2

STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
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, 2023 | 31,795 |  |  | $ | 23.31 |  |  | 6.95 |  | $ | 504,222 |
Granted | 843 |  |  | 73.07 |  |  |  |  |
Exercised | (1,203) |  |  | 14.12 |  |  |  |  |
Forfeited and cancelled | (731) |  |  | 39.79 |  |  |  |  |
Expired | (10) |  |  | 214.50 |  |  |  |  |
Balance at June 30, 2023 | 30,694 |  |  | $ | 24.58 |  |  | 6.56 |  | $ | 1,524,201 |
Exercisable at June 30, 2023 | 24,542 |  |  | $ | 24.87 |  |  | 6.42 |  | $ | 1,228,008 |
Vested and expected to vest at June 30, 2023 | 24,637 |  |  | $ | 24.84 |  |  | 6.42 |  | $ | 1,233,197 |
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 June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Dividend yield | 0.0 | % |  | 0.0 | % |  | 0.0 | % |  | 0.0 | %
Expected volatility | 93.7 | % |  | 67.6 | % |  | 90.5 | % |  | 56.2 | %
Expected term (in years) | 5.8 |  | 5.8 |  | 5.8 |  | 5.8
Risk-free interest rate | 3.4 | % |  | 3.1 | % |  | 3.9 | % |  | 1.9 | %
Schedule of activity of RSUs outstanding | Activity of RSUs and PRSUs 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, 2023 | 5,329 |  |  | $ | 127.85 |
Granted | 9,986 |  |  | 57.09 |
Vested | (5,211) |  |  | 70.99 |
Forfeited and cancelled | (1,150) |  |  | 124.21 |
Balance at June 30, 2023 | 8,954 |  |  | $ | 82.50 |
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, 2023 | 1,275 |  |  | $ | 139.72 |
Granted | 263 |  |  | 64.51 |
Vested | (851) |  |  | 141.53 |
Forfeited and cancelled | (29) |  |  | 171.85 |
Balance at June 30, 2023 | 658 |  |  | $ | 105.78 |
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 June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Technology and development | $ | 123,469 |  |  | $ | 261,232 |  |  | $ | 246,165 |  |  | $ | 517,756 |
Sales and marketing | 14,930 |  |  | 19,396 |  |  | 29,139 |  |  | 34,352 |
General and administrative | 61,373 |  |  | 110,868 |  |  | 123,328 |  |  | 191,529 |
Restructuring | — |  |  | — |  |  | 84,042 |  |  | — |
Total | $ | 199,772 |  |  | $ | 391,496 |  |  | $ | 482,674 |  |  | $ | 743,637 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration