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SHARE-BASED AWARDS
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED AWARDS SHARE-BASED AWARDS
Stock options and RSUs
A summary of the stock option activity for the six months ended June 30, 2026, is as follows:
Number of
Options
(in thousands)
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term (in years)
Aggregate
Intrinsic
Value
(in millions)
Balance-December 31, 20253,327 $2.65 2.1$11 
Exercised(248)2.23 
Expired(30)3.65 
Balance-June 30, 20263,049 $2.67 1.7$6 
Exercisable-June 30, 20263,049 $2.67 1.7$6 
A summary of the RSU activity for the six months ended June 30, 2026, is as follows:
Number of
RSUs
(in thousands)
Weighted-
Average
Grant-Date
Fair Value
Unvested and outstanding-December 31, 202532,698 $3.45 
Granted11,833 4.97 
Vested(10,550)2.25 
Forfeited(5,427)3.02 
Unvested and outstanding-June 30, 202628,554 $4.60 
A summary of the market condition RSU activity for the six months ended June 30, 2026, is as follows:
Number of
RSUs
(in thousands)
Weighted-
Average
Grant-Date
Fair Value
Unvested and outstanding-December 31, 2025101,418 $8.36 
Granted2,899 4.42 
Forfeited(769)4.54 
Unvested and outstanding-June 30, 2026103,548 $8.28 
The market condition awards granted during the six months ended June 30, 2026 have requisite service periods ranging from 6 months to five years. The fair value of market condition RSUs is estimated at the date of grant using a Monte Carlo simulation model, with assumptions consistent with those disclosed in “Part II – Item 8. Financial Statements and Supplementary Data – Notes to Consolidated Financial Statements – Note 12. Share-based Awards,” in our Annual Report on Form 10-K for the year ended December 31, 2025.
Three Months Ended March 31,
Stock-based compensation expense
Stock-based compensation expense is allocated based on the cost center to which the award holder belongs. The following table summarizes total stock-based compensation expense by function as presented in the condensed consolidated statements of operations for the three and six months ended June 30, 2026 and 2025 (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
General and administrative$107 $9 $217 $18 
Sales, marketing and operations2 2 4 4 
Technology and development10 2 18 5 
Total stock-based compensation expense$119 $13 $239 $27 
The Company recognized $100 million and $205 million of compensation expense related to market condition awards during the three and six months ended June 30, 2026, respectively, with no comparable expense during the three and six months ended June 30, 2025. As of June 30, 2026 there was $551 million of unamortized stock-based compensation costs related to unvested market condition RSUs, which are expected to be recognized over a weighted-average period of approximately 2.1 years. As of June 30, 2026 and December 31, 2025, no market conditions were satisfied.
As of June 30, 2026, there was $104 million of unamortized stock-based compensation costs related to unvested RSUs, which are expected to be recognized over a weighted-average period of approximately 2.3 years.