v3.22.4
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of activity of options outstanding
Activity of options outstanding are as follows (in thousands, except per share and years data):
Options OutstandingWeighted Average Exercise Price per ShareWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value
Balance at January 1, 202237,208 $18.60 7.83$8,698,078 
Granted937 177.79 
Exercised(3,858)13.32 
Forfeited and cancelled(2,492)26.57 
Balance at December 31, 202231,795 $23.31 6.95$504,222 
Vested and exercisable at December 31, 202219,205 $19.25 6.53$351,598 
Vested and expected to vest at December 31, 202225,690 $23.27 6.79$431,404 
Schedule of share-based payment award, options, valuation assumptions
The assumptions used under the Black-Scholes-Merton Option-Pricing Model and the weighted average calculated value of the options granted to employees were as follows:
Year Ended December 31,
20222021
Dividend yield0.0 %0.0 %
Expected volatility59.3 %44.0 %
Expected term (in years)5.84.8
Risk-free interest rate2.1 %0.5 %
Schedule of activity of RSUs outstanding
Activity of RSUs outstanding are as follows (in thousands, except per share data):
Number of SharesWeighted-Average Grant Date Fair Value per Share
Balance at January 1, 20227,482 $157.22 
Granted11,867 112.35 
Vested(12,107)125.75 
Forfeited and cancelled(1,913)159.25 
Balance at December 31, 20225,329 $127.85 
Schedule of activity of restricted Class A common stock Activity of shares of restricted Class A common stock is as follows (in thousands, except per share data):
Number of SharesWeighted-Average Grant Date Fair Value per Share
Balance at January 1, 20222,014 $137.57 
Granted323 137.05 
Vested(1,051)136.57 
Forfeited and cancelled(11)60.15 
Balance at December 31, 20221,275 $139.72 
Schedule of stock based compensation
Stock-based compensation is included in the following components of expenses on the accompanying consolidated statements of operations (in thousands):
Year Ended December 31,
202220212020
Technology and development$1,093,983 $571,861 $36,869 
Sales and marketing76,153 32,944 1,566 
General and administrative395,687 215,880 34,190 
Total$1,565,823 $820,685 $72,625