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STOCKHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
A summary of stock option activity for the three months ended March 31, 2024 is as follows (in thousands, except per share data):
Number of Stock OptionsWeighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value
Outstanding, beginning of the year4,991 $47.64 3.80$195,760 
Granted— — 
Exercised(987)20.20 
Forfeited— — 
Expired(81)158.19 
Outstanding, end of the period3,923 $52.27 4.20$163,836 
Exercisable, end of the period3,294 $44.89 3.37$155,692 
Restricted Stock Awards and Restricted Stock Units Activity
Activity related to RSUs during the three months ended March 31, 2024 is set forth below (in thousands, except per share data):
Number of
Shares
Weighted
Average Grant
Date Fair Value
Unvested, beginning of the year40,099 $74.76 
Granted2,440 65.33 
Vested(3,820)81.50 
Forfeited(3,874)76.30 
Unvested, end of the period34,845 $73.19 
Summary of the Effect of Share-Based Compensation on the Condensed Consolidated Statements of Operations
The following table summarizes the effects of share-based compensation on the Company's condensed consolidated statements of operations (in thousands):
Three Months Ended
March 31,
20242023
Cost of revenue$173 $142 
Product development221,954 197,857 
Sales and marketing31,368 29,365 
General and administrative57,673 52,227 
Total$311,168 $279,591