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COMMON STOCK AND STOCKHOLDERS' (DEFICIT) EQUITY (Tables)
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Schedule of Activity Related to Time-Based and Market-Based RSUs The following table summarizes the activity related to our Time-Based RSUs for the nine months ended September 30, 2023, which is the period we grant our company-wide annual refresh grants:
Number of RSUsWeighted- average grant date fair value
Unvested at December 31, 202256,116,782 $18.55 
Granted22,985,696 9.80 
Vested(23,319,956)13.63 
Forfeited(10,788,897)20.06 
Unvested at September 30, 202344,993,625 $15.05 
The following table summarizes the activity related to our Market-Based RSUs for the nine months ended September 30, 2023:
Eligible to Vest(1)
Not Eligible to Vest(2)
Total Number of RSUsWeighted- average grant date fair value
Unvested at December 31, 2022806,858 57,650,926 58,457,784 $23.67 
Granted— — — 
Vested(345,796)— (345,796)2.34 
Cancelled— (35,520,000)(35,520,000)22.68 
Unvested at September 30, 2023461,062 22,130,926 22,591,988 $25.55 
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(1)Represents RSUs that became eligible to vest upon achievement of share price targets and vest upon satisfaction of time-based service requirements.
(2)Represents RSUs that have not yet become eligible to vest because share price targets have not yet been achieved.
Schedule of Share-Based Compensation
The following table presents SBC on our unaudited condensed consolidated statements of operations for the periods indicated:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2022202320222023
Brokerage and transaction$2 $2 $4 $6 
Technology and development 25 51 166 161 
Operations — 3 5 6 
Marketing— 1 3 3 
General and administrative83 26 316 614 
Total(1)(2)
$110 $83 $494 $790 
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(1) For the three and nine months ended September 30, 2023, SBC expense primarily consisted of $10 million and $563 million related to Market-Based RSUs and $70 million and $218 million related to Time-Based RSUs, compared to $79 million and $245 million and $27 million and $235 million for the same periods in the prior year.
(2) The April 2022 Restructuring and the August 2022 Restructuring resulted in a net reduction of $24 million and $53 million in SBC expense, which was recognized in the three months ended June 30, 2022 and September 30, 2022. Both reductions were substantially all related to Time-Based RSUs. The net reductions were primarily recognized in technology and development expense, $16 million and $22 million, and general and administrative expense, $6 million and $28 million.