Goodwill and Intangibles, net

12 Months Ended

Dec. 31, 2021

Goodwill and Intangibles, net

Goodwill and Intangibles, net

8. Goodwill and Intangibles, net

The following table presents the goodwill activities for the periods presented:

Balance as of December 31, 2020	$	—
HuffPost Acquisition		5,490
C Acquisition		189,391
Balance as of December 31, 2021	$	194,881

The following table presents the detail of intangible assets for the periods presented and the weighted average remaining useful lives:

	December 31, 2021								December 31, 2020
	Weighted-
	Average
	Remaining		Gross
	Useful Lives (in		Carrying		Accumulated		Net Carrying		Gross Carrying		Accumulated
	years)		Value		Amortization		Value		Value		Amortization		Net Carrying Value
Acquired Technology		3 years	$	10,600	$	1,745	$	8,855	$	—	$	—	$	—
Trademarks and Trade Names		15 years		111,000		1,356		109,644		—		—		—
Trademarks and Trade Names		Indefinite		1,368		—		1,368		1,368		—		1,368
Customer Relationships		4 years		17,000		354		16,646		—		—		—
Total			$	139,968	$	3,455	$	136,513	$	1,368	$	—	$	1,368

Amortization expense associated with intangible assets for the year ended December 31, 2021 and 2020 was $3.5 million and $nil, respectively, included in Depreciation and amortization expense.

Estimated future amortization expense as of December 31, 2021 is as follows (in thousands):

2022	$	15,183
2023		15,183
2024		13,438
2025		11,296
2026		7,400
Thereafter		72,645
	$	135,145