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Stock-Based Compensation (Tables)

12 Months Ended

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

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(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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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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