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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
A summary of stock option activity for the six months ended June 30, 2023 is as follows (in thousands, except per share data):
Number of Stock OptionsWeighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value
Outstanding, beginning of the year6,739 $40.37 4.02$224,484 
Granted682 65.16 
Exercised(1,163)10.48 
Forfeited(106)108.34 
Expired(24)80.33 
Outstanding, end of the period6,128 $47.47 4.41$181,393 
Exercisable, end of the period4,853 $36.27 3.25$176,912 
Restricted Stock Awards and Restricted Stock Units Activity Activity related to RSAs and RSUs during the six months ended June 30, 2023 is set forth below (in thousands, except per share data):
Number of
Shares
Weighted
Average Grant
Date Fair Value
Unvested, beginning of the year28,300 $97.89 
Granted22,827 62.75 
Vested(6,567)90.48 
Forfeited(1,554)103.61 
Unvested, end of the period43,006 $80.16 
Summary of the Effect of Share-Based Compensation on the Condensed Consolidated Statements of Operations
The following table summarizes the effects of share-based compensation on the Company's condensed consolidated statements of operations (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Cost of revenue$142 $139 $284 $248 
Product development223,411 179,137 421,268 324,212 
Sales and marketing32,790 25,133 62,155 46,389 
General and administrative62,905 52,229 115,132 161,212 
Total$319,248 $256,638 $598,839 $532,061