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STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 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 | (1,883) |  |  | 14.61 |  |  |  |  |
Forfeited and cancelled | (814) |  |  | 41.14 |  |  |  |  |
Balance at September 30, 2023 | 29,941 |  |  | $ | 24.77 |  |  | 6.32 |  | $ | 1,583,971 |
Exercisable at September 30, 2023 | 23,800 |  |  | $ | 25.12 |  |  | 6.18 |  | $ | 1,266,795 |
Vested and expected to vest at September 30, 2023 | 23,858 |  |  | $ | 25.10 |  |  | 6.18 |  | $ | 1,270,146 |
Schedule of share-based payment award, options, valuation assumptions | The assumptions used under the Black-Scholes-Merton Option-Pricing Model to calculate the fair value of the options granted to employees were as follows:
| Nine Months Ended September 30,
| 2023 |  | 2022
Dividend yield | 0.0 | % |  | 0.0 | %
Expected volatility | 90.5 | % |  | 59.3 | %
Expected term (in years) | 5.8 |  | 5.8
Risk-free interest rate | 3.9 | % |  | 2.1 | %
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, 2023 | 5,329 |  |  | $ | 127.85 |
Granted | 9,316 |  |  | 57.59 |
Vested | (7,763) |  |  | 71.61 |
Forfeited and cancelled | (1,286) |  |  | 120.61 |
Balance at September 30, 2023 | 5,596 |  |  | $ | 90.58 |
Schedule of activity of PRSUs outstanding | Activity of 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 | — |  |  | $ | — |
Granted | 804 |  |  | 55.42 |
Balance at September 30, 2023 | 804 |  |  | $ | 55.42 |
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 | (954) |  |  | 130.45 |
Forfeited and cancelled | (29) |  |  | 171.85 |
Balance at September 30, 2023 | 555 |  |  | $ | 118.33 |
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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Technology and development | $ | 130,776 |  |  | $ | 275,817 |  |  | $ | 376,941 |  |  | $ | 793,573 |
Sales and marketing | 16,556 |  |  | 18,461 |  |  | 45,695 |  |  | 52,813 |
General and administrative | 70,821 |  |  | 97,163 |  |  | 194,149 |  |  | 288,692 |
Restructuring | — |  |  | — |  |  | 84,042 |  |  | — |
Total | $ | 218,153 |  |  | $ | 391,441 |  |  | $ | 700,827 |  |  | $ | 1,135,078 |

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- 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
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- 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
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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 -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
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- 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
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