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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Net interest revenues $ 251 $ 128 $ 693 $ 257
Total net revenues 467 361 1,394 978
Operating expenses:        
Brokerage and transaction 39 33 114 94
Technology and development 202 185 608 698
Operations 41 65 119 242
Marketing 28 19 79 74
General and administrative 230 233 1,036 727
Total operating expenses 540 535 1,956 1,835
Other (income) expense, net 2 0 0 2
Loss before income taxes (75) (174) (562) (859)
Provision for income taxes 10 1 9 3
Net loss (85) (175) (571) (862)
Net loss attributable to common stockholders:        
Basic (85) (175) (571) (862)
Diluted $ (85) $ (175) $ (571) $ (862)
Net loss per share attributable to common stockholders:        
Basic (in dollars per share) $ (0.09) $ (0.20) $ (0.64) $ (0.99)
Diluted (in dollars per share) $ (0.09) $ (0.20) $ (0.64) $ (0.99)
Weighted-average shares used to compute net loss per share attributable to common stockholders:        
Basic (in shares) 895,108,790 882,356,575 898,999,464 875,055,571
Diluted (in shares) 895,108,790 882,356,575 898,999,464 875,055,571
Transaction-based revenues        
Revenues:        
Total transaction-based revenues $ 185 $ 208 $ 585 $ 628
Other revenues        
Revenues:        
Total transaction-based revenues $ 31 $ 25 $ 116 $ 93