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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Net interest revenues $ 74 $ 68 $ 129 $ 130
Total net revenues 318 565 617 1,087
Operating expenses:        
Brokerage and transaction 30 38 61 79
Technology and development 244 156 510 273
Operations 86 101 177 168
Marketing 24 94 58 196
General and administrative 226 112 494 249
Total operating expenses 610 501 1,300 965
Change in fair value of convertible notes and warrant liability 0 528 0 2,020
Other income (expense), net 2 0 2 (1)
Loss before income taxes (294) (464) (685) (1,897)
Provision for income taxes 1 38 2 50
Net loss (295) (502) (687) (1,947)
Net loss attributable to common stockholders:        
Basic (295) (502) (687) (1,947)
Diluted $ (295) $ (502) $ (687) $ (1,947)
Net loss per share attributable to common stockholders:        
Basic (in dollars per share) $ (0.34) $ (2.16) $ (0.79) $ (8.41)
Diluted (in dollars per share) $ (0.34) $ (2.16) $ (0.79) $ (8.41)
Weighted-average shares used to compute net loss per share attributable to common stockholders:        
Basic (in shares) 874,873,301 232,223,019 871,343,295 231,459,227
Diluted (in shares) 874,873,301 232,223,019 871,343,295 231,459,227
Transaction-based revenues        
Revenues:        
Revenues $ 202 $ 451 $ 420 $ 871
Other revenues        
Revenues:        
Revenues $ 42 $ 46 $ 68 $ 86