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PREPAID EXPENSES AND OTHER ASSETS (Tables)
 6 Months Ended
Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of prepaid expenses and other current and non-current assets
Prepaid expenses and other current assets, and other non-current assets consisted of the following (in thousands):
June 30,December 31,
20232022
Prepaid expenses and other current assets
Prepaid expenses$80,725 $98,204 
Assets pledged as collateral(1)
79,409 100,007 
Other15,265 18,837 
Total prepaid expenses and other current assets$175,399 $217,048 
Other non-current assets
Strategic investments$304,786 $326,683 
Deferred tax assets1,127,318 1,046,791 
Deposits11,523 10,989 
Other7,570 17,257 
Total other non-current assets$1,451,197 $1,401,720 
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(1) See Note 11. Collateral for additional details on assets pledged as collateral.
Schedule of other investments accounted for under the measurement alternative The changes in the carry value of strategic investments accounted for under the measurement alternative are presented below (in thousands):
Six Months Ended June 30,
20232022
Carrying amount, beginning of period$315,285 $352,431 
Net additions(1)
4,202 47,208 
Upward adjustments62 879 
Previously held interest in ORDAM (see Note 4)(20,000)— 
Impairments and downward adjustments(7,771)(69,054)
Carrying amount, end of period(2)
$291,778 $331,464 
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(1)Net additions include additions from purchases and reductions due to exits of securities and reclassifications due to changes to capital structure.
(2)Excludes $13.0 million and $19.4 million as of June 30, 2023 and 2022, respectively, of strategic investments that are not accounted for under the measurement alternative.