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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Net interest revenues $ 128 $ 63 $ 257 $ 193
Total net revenues 361 365 978 1,452
Operating expenses:        
Brokerage and transaction 33 44 94 123
Technology and development 185 679 695 952
Operations 64 108 241 276
Marketing 19 87 77 283
General and administrative 234 790 728 1,039
Total operating expenses 535 1,708 1,835 2,673
Change in fair value of convertible notes and warrant liability 0 25 0 2,045
Other expense (income), net 0 (1) 2 (1)
Loss before income taxes (174) (1,367) (859) (3,265)
Provision for (benefit from) income taxes 1 (50) 3 (1)
Net loss (175) (1,317) (862) (3,264)
Net loss attributable to common stockholders:        
Basic (175) (1,317) (862) (3,264)
Diluted $ (175) $ (1,317) $ (862) $ (3,264)
Net loss per share attributable to common stockholders:        
Basic (in dollars per share) $ (0.20) $ (2.06) $ (0.99) $ (8.85)
Diluted (in dollars per share) $ (0.20) $ (2.06) $ (0.99) $ (8.85)
Weighted-average shares used to compute net loss per share attributable to common stockholders:        
Basic (in shares) 882,356,575 638,168,188 875,055,571 368,518,894
Diluted (in shares) 882,356,575 638,168,188 875,055,571 368,518,894
Transaction-based revenues        
Revenues:        
Revenues $ 208 $ 267 $ 628 $ 1,138
Other revenues        
Revenues:        
Revenues $ 25 $ 35 $ 93 $ 121