PARTI Item1A.RiskFactors policies on immigration, travel, or availability of visas for skilled workers. The loss of the services of any of our key personnel, or our inability to attract, hire, develop, motivate and retain key and other highly qualified and diverse talent, whetherinaremoteorin-officeenvironment,orprotectthesafety,healthandproductivityof our workforcecould harm our overall business and results of operations. Wearesubjecttorisksassociatedwithinformationdisseminatedthroughourproductsand services. Wemaybesubject to claims relating to information disseminated through our online services, including claims alleging defamation, libel, harassment, hate speech, breach of contract, invasion of privacy, negligence, copyright or trademark infringement, or other theories based on the nature and content of the materials disseminated through the services, among other things. We invest in measures intended to detect and block activities that may occur on our payments platform in violation of our policies and applicable laws. These measures require continuous improvement and may not be sufficiently effective in detecting and preventing the exchange of information in violation of our policies and applicable laws. If these measures are not sufficiently effective, our business could be negatively impacted. If the laws or regulations that provide protections for online dissemination of information are invalidated or are modified to reduce protections available to us and we become liable for information provided by our customers and carried on our products and services, we could be directly harmed and we may be forced to implement new measures to reduce our exposure, including expending substantial resourcesor discontinuingcertainproductor serviceofferings,whichcouldharmourbusiness. Item1B.UnresolvedStaffComments None. Item2.Properties We own and lease various properties in the United States (“U.S.”) and other countries around the world. We use these properties for executive and administrative offices, customer services and operations centers, product development offices, warehouses, and data centers. As of December 31, 2022, our owned and leased properties provided us with aggregatesquarefootageasfollows: UnitedStates OtherCountries Total (In millions) Ownedfacilities 1.0 0.1 1.1 Leasedfacilities 2.2 2.0 4.2 TOTALFACILITIES 3.2 2.1 5.3 Weownatotalofapproximately106 acresof land, with approximately 85 acres in the U.S. Our corporate headquarters are locatedinSanJose,Californiaandoccupyapproximately0.7millionofownedsquarefeet. Item3.LegalProceedings The information set forth under “Note 13—Commitments and Contingencies—Litigation and Regulatory Matters” to the consolidatedfinancialstatementsincludedinPartIV,Item15ofthisForm10-Kisincorporatedhereinbyreference. Item4.MineSafetyDisclosures Notapplicable. 28 •2022AnnualReport