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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
A summary of stock option activity for the six months ended June 30, 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 
Granted578 74.03 
Exercised(1,677)18.33 
Forfeited— — 
Expired(81)158.19 
Outstanding, end of the period3,811 $62.19 5.39$65,919 
Exercisable, end of the period2,719 $54.16 3.89$65,024 
Restricted Stock Awards and Restricted Stock Units Activity
Activity related to RSUs during the six months ended June 30, 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 
Granted17,827 71.83 
Vested(8,266)80.52 
Forfeited(5,907)75.29 
Unvested, end of the period43,753 $72.40 
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
June 30,
Six Months Ended
June 30,
2024202320242023
Cost of revenue$181 $142 $354 $284 
Product development229,330 223,411 451,284 421,268 
Sales and marketing32,176 32,790 63,544 62,155 
General and administrative58,681 62,905 116,354 115,132 
Total$320,368 $319,248 $631,536 $598,839