STOCK-BASED COMPENSATION (Tables)
|
3 Months Ended |
Mar. 31, 2024 |
| Share-Based Payment Arrangement [Abstract] |
|
| Schedule of activity of options outstanding |
A summary of options activity for the three months ended March 31, 2024 is as follows (in thousands, except per share and years data): | | | | | | | | | | | | | | | | | | | | | | | | | Options Outstanding | | Weighted Average Exercise Price per Share | | Weighted Average Remaining Contractual Life (Years) | | Aggregate Intrinsic Value | | Balance at January 1, 2024 | 28,697 | | | $ | 25.01 | | | 6.1 | | $ | 4,295,055 | | | | | | | | | | | Exercised | (2,338) | | | 18.84 | | | | | | | Forfeited and cancelled | (24) | | | 30.36 | | | | | | | | | | | | | | | Balance at March 31, 2024 | 26,335 | | | $ | 25.55 | | | 5.9 | | $ | 6,309,011 | | | | | | | | | | | Exercisable at March 31, 2024 | 20,201 | | | $ | 26.19 | | | 5.8 | | $ | 4,826,583 | | | Vested and expected to vest at March 31, 2024 | 20,211 | | | $ | 26.18 | | | 5.8 | | $ | 4,829,027 | | | | | | | | | |
|
| Schedule of activity of RSUs outstanding |
A summary of RSU activity for the three months ended March 31, 2024 is as follows (in thousands, except per share data): | | | | | | | | | | | | | Number of Shares | | Weighted-Average Grant Date Fair Value Per Share | | Balance at January 1, 2024 | 3,016 | | | $ | 108.07 | | | Granted | 5,139 | | | 142.75 | | | Vested | (1,580) | | | 131.48 | | | Forfeited and cancelled | (212) | | | 125.33 | | | Balance at March 31, 2024 | 6,363 | | | $ | 129.69 | |
|
| Schedule of activity of PRSUs outstanding |
A summary of PRSU activity for the three months ended March 31, 2024 is as follows (in thousands, except per share data): | | | | | | | | | | | | | Number of Shares | | Weighted-Average Grant Date Fair Value Per Share | | Balance at January 1, 2024 | 804 | | | $ | 55.42 | | | | | | | Vested | (80) | | | 55.42 | | | | | | | Balance at March 31, 2024 | 724 | | | $ | 55.42 | |
|
| Schedule of activity of restricted Class A common stock |
Activity of restricted Class A common stock is as follows (in thousands, except per share data): | | | | | | | | | | | | | Number of Shares | | Weighted-Average Grant Date Fair Value Per Share | | Balance at January 1, 2024 | 543 | | | $ | 114.22 | | | | | | | Vested | (182) | | | 129.03 | | | Forfeited and cancelled | (4) | | | 267.48 | | | Balance at March 31, 2024 | 357 | | | $ | 104.97 | |
|
| Schedule of stock based compensation |
The effects of stock-based compensation expense in the Condensed Consolidated Statements of Operations are as follows (in thousands): | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | | 2024 | | 2023 | | Technology and development | | | | | $ | 139,830 | | | $ | 122,696 | | | Sales and marketing | | | | | 16,623 | | | 14,209 | | | General and administrative | | | | | 68,051 | | | 61,955 | | | Restructuring | | | | | — | | | 84,042 | | | Total | | | | | $ | 224,504 | | | $ | 282,902 | |
|