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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 693 $ 1,009
Marketable securities 254 150
Funds receivable 12 17
Prepaid expenses and other current assets 41 48
Total current assets 1,000 1,224
Property and equipment, net 13 17
Right-of-use assets 11 18
Marketable securities   17
Other assets 4 7
Total assets 1,028 1,283
Current liabilities:    
Accounts payable 54 67
Merchants payable 133 185
Refunds liability 9 23
Accrued liabilities 137 174
Total current liabilities 333 449
Lease liabilities, non-current 13 16
Total liabilities 346 465
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value: 100 shares authorized as of June 30, 2022 and December 31, 2021; No shares issued and outstanding as of June 30, 2022 and December 31, 2021
Common stock, $0.0001 par value: 3,500 (3,000 Class A, 500 Class B) shares authorized as of June 30, 2022 and December 31, 2021; 670 (609 Class A, 61 Class B) and 658 (593 Class A, 65 Class B) shares issued and outstanding as of June 30, 2022 and December 31, 2021
Additional paid-in capital 3,383 3,360
Accumulated other comprehensive (loss) income (6) 3
Accumulated deficit (2,695) (2,545)
Total stockholders’ equity 682 818
Total liabilities and stockholders’ equity $ 1,028 $ 1,283