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Stock-based Compensation Expense (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
Stock-based compensation expense included in the condensed consolidated statements of operations was as follows (in thousands):
 Three Months Ended March 31,
 20232022
Infrastructure and trust & safety$18,532 $11,356 
Research and development129,257 74,814 
General and administrative30,650 20,795 
Sales and marketing6,465 5,330 
Total stock-based compensation expense$184,904 $112,295 
Schedule of Summarizes the Company's Stock Option Activity
The following table summarizes the Company’s stock option activity (in thousands, except per option data and remaining contractual term):
 Options Outstanding
 Number of
Shares
Subject to
Options
Weighted-
Average
Exercise
Price (per Option)
Weighted-Average Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic
Value
Balances as of December 31, 202251,591 $2.85 6.00$1,321,183 
Granted— — 
Cancelled, forfeited, and expired(180)$4.69 
Exercised(2,263)$2.61 
Balances as of March 31, 202349,148 $2.86 5.77$2,070,340 
Exercisable as of March 31, 2023
40,367 $2.51 5.49$1,714,354 
Vested and expected to vest at March 31, 2023
49,148 $2.86 5.77$2,070,340 
Schedule of Company's Restricted Stock Units and Unregistered Restricted Stock Awards Activity
The following table summarizes the Company’s RSU and RSA activity (in thousands, except per share data):
 RSUsRSAs
 Number of
Shares
Weighted-
Average
Grant Date
Fair Value (per Share)
Number of
Shares
Weighted-
Average
Grant Date
Fair Value (per Share)
Unvested as of December 31, 202230,322 $48.73 500 $52.55 
Granted7,124 $36.35 — — 
Vested and released(2,911)$48.18 (75)$50.75 
Cancelled(579)$53.00 — — 
Unvested as of March 31, 202333,956 $46.11 425 $52.99 
Schedule of Measured Based on an Average of Our Stock Price The CEO Long-Term Performance Award is divided into seven performance periods that are eligible to vest based on the achievement of various Company Stock Price Hurdles, measured based on an average of our stock price over a consecutive 90-day trading period applicable to the performance period as set forth below. In addition, Mr. Baszucki must remain employed as our CEO through the date a Company Stock Price Hurdle is achieved in order to earn the RSUs that relate to the applicable Company Stock Price Hurdle.
Company Stock
Price Hurdle
Number of RSUs
Eligible to Vest
Performance
Period
Commencement
Dates as Measured
from the Effective
Date
1$165.00 750,000 2 years
2$200.00 750,000 3 years
3$235.00 2,000,000 4 years
4$270.00 2,000,000 5 years
5$305.00 2,000,000 5 years
6$340.00 2,000,000 5 years
7$375.00 2,000,000 5 years