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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of stock options activity |
|  | Number of options outstanding |  | Weighted- average exercise price (Per share) |  | Weighted- average remaining contractual term (In years) |  | Aggregate intrinsic value (In thousands)
Outstanding options as of December 31, 2023 |  | 1,722,861 |  |  | $ | 71.13 |  |  | 4.45 |  | $ | 56,007 |
Exercised |  | (181,818) |  |  | $ | 23.88 |  |  |  |  |
Forfeited and canceled |  | (218,867) |  |  | $ | 92.18 |  |  |  |  |
Outstanding options as of December 31, 2024 |  | 1,322,176 |  |  | $ | 74.15 |  |  | 3.05 |  | $ | 74,838 |
Options vested and exercisable as of December 31, 2024 |  | 1,317,265 |  |  | $ | 73.30 |  |  | 3.03 |  | $ | 74,838 |
Schedule of weighted average grant date fair value |
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (In thousands, except per share amounts)
Aggregate intrinsic value of stock options exercised (1) |  | $ | 8,649 |  |  | $ | 15,242 |  |  | $ | 80,839 |  |  |
Total estimated grant date fair value of options vested |  | $ | 9,351 |  |  | $ | 28,619 |  |  | $ | 77,403 |  |  |
Weighted-average grant date fair value per share of options granted |  | $ | — |  |  | $ | — |  |  | $ | 50.66 |  |  |
____________________________________ (1) Aggregate intrinsic value represents the difference between the fair value of the Company’s Class A common stock as reported on the New York Stock Exchange and the exercise price of outstanding “in-the-money” options.
Schedule of restricted stock unit |
|  | Number of awards outstanding |  | Weighted- average grant date fair value (Per share) |  | Aggregate intrinsic value (In thousands)
Unvested RSUs as of December 31, 2023 |  | 18,755,538 |  |  | $ | 87.56 |  |  | $ | 1,422,983 |
Granted |  | 10,584,021 |  |  | $ | 61.86 |  |  |
Vested |  | (6,639,672) |  |  | $ | 92.70 |  |  |
Forfeited and canceled |  | (4,313,616) |  |  | $ | 83.09 |  |  |
Unvested RSUs as of December 31, 2024 |  | 18,386,271 |  |  | $ | 71.96 |  |  | $ | 1,394,966 |
Schedule of employee stock purchase plan | The Company used the following assumptions in the Black-Scholes option pricing model to estimate the fair value of the purchase rights issued under the 2016 ESPP:
|  | Year Ended December 31,
Employee Stock Purchase Plan: |  | 2024 |  | 2023 |  | 2022 |  |
Fair value of common stock |  | $61.54 - $96.41 |  | $47.36 - $61.55 |  | $50.81 - $99.68 |  |
Expected term (in years) |  | 0.50 |  | 0.50 |  | 0.50 |  |
Expected volatility |  | 38.6% - 41.8% |  | 45.8% - 57.1% |  | 73.2% - 97.3% |  |
Risk-free interest rate |  | 4.4% - 5.4% |  | 5.3% - 5.4% |  | 1.5% - 4.5% |  |
Dividend rate |  | —% |  | —% |  | —% |  |
Schedule of stock based compensation expense | The Company recorded stock-based compensation expense as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
|  | (In thousands)
Cost of revenue |  | $ | 22,001 |  |  | $ | 26,343 |  |  | $ | 21,136 |
Research and development |  | 330,933 |  |  | 331,526 |  |  | 374,846 |
Sales and marketing |  | 135,331 |  |  | 183,389 |  |  | 240,109 |
General and administrative |  | 125,164 |  |  | 121,584 |  |  | 148,194 |
Restructuring costs |  | 3,178 |  |  | 13,015 |  |  | 14,275 |
Total |  | $ | 616,607 |  |  | $ | 675,857 |  |  | $ | 798,560 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (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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