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COMMON STOCK AND STOCKHOLDERS' (DEFICIT) EQUITY (Tables)
 3 Months Ended
Mar. 31, 2024
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 three months ended March 31, 2024, which is the period we grant our company-wide annual refresh grants:
Number of RSUsWeighted- average grant date fair value
Unvested at December 31, 202334,551,998 $14.99 
Granted14,420,757 16.97 
Vested(7,358,077)14.95 
Forfeited(1,899,675)15.15 
Unvested at March 31, 202439,715,003 $15.71 
The following table summarizes the activity related to our Market-Based RSUs for the three months ended March 31, 2024:
Eligible to Vest(1)
Not Eligible to Vest(2)
Total Number of RSUsWeighted- average grant date fair value
Unvested at December 31, 2023345,796 22,130,926 22,476,722 $25.67 
Granted— — — 
Vested(115,264)— (115,264)2.34 
Forfeited(115,264)(5,993,795)(6,109,059)25.59 
Unvested at March 31, 2024115,268 16,137,131 16,252,399 $25.87 
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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
March 31,
(in millions)20232024
Brokerage and transaction$2 $2 
Technology and development 54 44 
Operations 2 2 
Marketing1 2 
General and administrative539 12 
Total(1)
$598 $62 
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(1)For the three months ended March 31, 2023, SBC expense primarily consisted of $67 million related to Time-Based RSUs and $528 million related to Market-Based RSUs. For the three months ended March 31, 2024, SBC expense primarily consisted of $68 million related to Time-Based RSUs and a negative $9 million related to Market-Based RSUs, as portion of the Market-Based RSUs became fully vested in prior periods and was net of an $11 million reversal of previously recognized expense related to unvested awards that were forfeited upon the resignation of our co-founder and former Chief Creative Officer.