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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Summary of Stock Option Activity
A summary of stock option activity for the year ended December 31, 2024 is as follows (in thousands, except share and per share data):
Number of Stock Options OutstandingWeighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value
Outstanding, beginning of the period4,991 $47.64 3.80$195,760 
Granted578 74.03 
Exercised(2,646)23.14 
Forfeited(249)78.73 
Expired(96)142.49 
Outstanding, end of the period2,578 $72.17 5.11$67,966 
Exercisable, end of the period1,952 $70.00 3.95$60,701 
Restricted Stock Awards and Restricted Stock Units Activity
Activity related to RSUs during the year ended December 31, 2024 is set forth below:
Number of
Shares
Weighted
Average Grant
Date Fair Value
Unvested, beginning of the period40,099 $74.76 
Granted22,328 71.26 
Vested(16,223)79.90 
Forfeited(9,125)74.32 
Unvested, end of the period37,079 $70.51 
Fair Value Assumptions for Options
The fair values of stock options granted were estimated using the following weighted-average assumptions:
Year Ended December 31,
202420232022
Dividend yield— %— %— %
Risk-free interest rate4.65 %3.48 %3.08 %
Expected volatility62.92 %62.32 %59.20 %
Expected term (years)6.026.026.02
Summary of the Effect of Share-Based Compensation on the Consolidated Statements of Operations
The following table summarizes the effects of share-based compensation on the consolidated statements of operations (in thousands):
Year Ended December 31,
202420232022
Cost of revenue$707 $601 $494 
Product development903,262 902,130 701,715 
Sales and marketing131,233 130,665 105,231 
General and administrative237,355 242,701 261,849 
Total$1,272,557 $1,276,097 $1,069,289