29 unchanged sentences
(1) Includes broker commissions.
−Removed: (2) On February 13, 2024, we announced that our board of directors approved a share repurchase program with authorization to purchase up to 6.0 billion of our Class A common stock at management’s discretion.
−Removed: The share repurchase program does not have an expiration date, does not obligate us to repurchase any specific number of shares, and may be modified, suspended or terminated at any time at our discretion.
+Added: (2) On February 13, 2024, we announced that our board of directors approved a share repurchase program to purchase up to $6.0 billion of our Class A common stock.
+Added: On August 6, 2025, we announced that our board of directors approved a new share repurchase program with an authorization to purchase up to an additional $6.0 billion of our Class A common stock.
+Added: Share repurchases under the share repurchase programs may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, or accelerated share repurchase transactions or by any combination of such methods.
+Added: Any such repurchases will be made from time to time subject to market and economic conditions, applicable legal requirements, and other relevant factors.
+Added: The share repurchase programs do not have expiration dates or obligate us to repurchase any specific number of shares, and may be modified, suspended, or terminated at any time at our discretion.
Performance Graph
1 unchanged sentence
under the Securities Act or the Exchange Act.
−Removed: The graph below compares the cumulative total stockholder return on our Class A common stock with the cumulative total return on the S&P 500 Index (“S&P 500”), the S&P 500 Information Technology Index (“S&P 500 IT”), and the Nasdaq Composite Index (“NASDAQ”).
−Removed: The graph assumes $100 was invested at the market close on December 10, 2020, which was the first day our Class A common stock began trading.
−Removed: Data for the S&P 500, S&P 500 IT, and NASDAQ assume reinvestment of dividends.
−Removed: The graph uses the closing market price on December 10, 2020 of $144.71 per share as the initial value of our Class A common stock.
+Added: The following graph shows a comparison of five-year cumulative total stockholder return, calculated on a dividend-reinvested basis, for us, the S&P 500 Index (“S&P 500”), the S&P 500 Information Technology Index (“S&P 500 IT”), and the Nasdaq Composite Index (“NASDAQ”).
+Added: The graph assumes an investment of $100 in our Class A common stock and in each index on the last trading day for the fiscal year ended
+Added: December 31, 2020, and its relative performance tracked through December 31, 2025.
The comparisons in the graph below are based upon historical data and are not indicative of, nor intended to forecast, future performance of our Class A common stock.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.