v3.24.0.1
Investments and Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Summary Of Assets and Liabilities that are Measured at Fair Value on a Recurring and Nonrecurring Basis
The following tables present the Company’s assets that are measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation (in thousands):
As of December 31, 2023
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents:
Money market funds$576,565 $576,565 $— $— 
U.S. treasury securities10,079 — 10,079 — 
Certificates of deposit938 — 938 — 
Prepaid expenses and other current assets and other assets:
Certificates of deposit4,777 — 4,777 — 
Marketable securities:
U.S. treasury securities2,824,861 — 2,824,861 — 
Publicly-traded equity securities18,271 18,271 — — 
Total$3,435,491 $594,836 $2,840,655 $— 
As of December 31, 2022
TotalLevel 1Level 2Level 3
Assets:
Cash and cash equivalents:
Money market funds$1,149,302 $1,149,302 $— $— 
Certificates of deposit6,791 — 6,791 — 
Prepaid expenses and other current assets and other assets:
Certificates of deposit18,707 — 18,707 — 
Marketable securities:
Publicly-traded equity securities35,135 35,135 — — 
Total$1,209,935 $1,184,437 $25,498 $— 
Debt Securities, Available-for-Sale
As of December 31, 2023, available-for-sale debt securities consisted of the following (in thousands):
As of December 31, 2023
Amortized CostUnrealized GainsUnrealized LossesFair Value
U.S. treasury securities$2,831,505 $4,520 $(1,085)$2,834,940 
Total debt securities$2,831,505 $4,520 $(1,085)$2,834,940 
Included in cash and cash equivalents$10,078 $1 $— $10,079 
Included in marketable securities$2,821,427 $4,519 $(1,085)$2,824,861