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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

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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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