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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss including redeemable non-controlling interests $ (25) $ (162)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 142 123
Stock-based compensation 252 230
Reduction of operating lease right-of-use assets and accretion of operating lease liabilities 26 32
Other 14 4
Changes in assets and liabilities:    
Funds held at payment processors (41) 151
Accounts receivable, net (18) 17
Prepaid expenses and other current assets (22) (75)
Other assets (49) (8)
Accounts payable (12) 61
Accrued expenses and other current liabilities 306 51
Payments for operating lease liabilities (27) (32)
Other liabilities 7 5
Net cash provided by operating activities 553 397
Cash flows from investing activities    
Purchases of property and equipment (17) (39)
Capitalized software and website development costs (49) (42)
Purchases of marketable securities (529) (434)
Maturities of marketable securities 528 504
Sales of marketable securities 4 2
Other investing activities (9) (1)
Net cash used in investing activities (72) (10)
Cash flows from financing activities    
Proceeds from exercise of stock options 1 2
Repurchase of common stock 0 (392)
Other financing activities 6 0
Net cash provided by (used in) financing activities 7 (390)
Foreign currency effect on cash, cash equivalents, and restricted cash (13) 1
Net increase (decrease) in cash, cash equivalents, and restricted cash 475 (2)
Cash, cash equivalents, and restricted cash, beginning of period 2,772 2,188
Cash, cash equivalents, and restricted cash, end of period $ 3,247 $ 2,186