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NET LOSS PER SHARE | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
NET LOSS PER SHARE | NET LOSS PER SHARE The computation of net loss per share is as follows (in thousands, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |
Basic net loss per share: |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |
Net loss | $ | (97,405) |  |  | $ | (1,093,654) |  |  | $ | (176,301) |  |  | $ | (1,523,313) |  |  |  |
Net loss attributable to common stockholders, basic | $ | (97,405) |  |  | $ | (1,093,654) |  |  | $ | (176,301) |  |  | $ | (1,523,313) |  |  |  |
Denominator |  |  |  |  |  |  |  |  |  |
Weighted-average shares of common stock used to compute net loss per share attributable to common stockholders, basic | 234,614 |  |  | 220,988 |  |  | 233,060 |  |  | 219,240 |  |  |  |
Net loss per share attributable to common stockholders, basic | $ | (0.42) |  |  | $ | (4.95) |  |  | $ | (0.76) |  |  | $ | (6.95) |  |  |  |
Diluted net loss per share: |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |
Net loss | $ | (97,405) |  |  | $ | (1,093,654) |  |  | $ | (176,301) |  |  | $ | (1,523,313) |  |  |  |
Less: Fair value gain on contingent consideration arrangement, net of tax | (196) |  |  | (6,184) |  |  | (196) |  |  | (6,184) |  |  |  |
Net loss attributable to common stockholders, diluted | $ | (97,601) |  |  | $ | (1,099,838) |  |  | $ | (176,497) |  |  | $ | (1,529,497) |  |  |  |
Denominator |  |  |  |  |  |  |  |  |  |
Weighted-average shares of common stock used to compute net loss per share attributable to common stockholders, basic | 234,614 |  |  | 220,988 |  |  | 233,060 |  |  | 219,240 |  |  |  |
Contingent consideration | 27 |  |  | 46 |  |  | 27 |  |  | 46 |  |  |  |
Weighted-average shares of common stock used to compute net loss per share attributable to common stockholders, diluted | 234,641 |  |  | 221,034 |  |  | 233,087 |  |  | 219,286 |  |  |  |
Net loss per share attributable to common stockholders, diluted | $ | (0.42) |  |  | $ | (4.98) |  |  | $ | (0.76) |  |  | $ | (6.97) |  |  |  |
Certain shares of the Company’s restricted Class A common stock granted as consideration in acquisitions are participating securities. These participating securities do not contractually require the holders of such shares to participate in the Company’s losses. The rights, including the liquidation and dividend rights, of the holders of Class A common stock and Class B common stock are identical, except with respect to voting. As a result, the undistributed earnings are allocated on a proportionate basis and the resulting income (loss) per share will, therefore, be the same for both Class A common stock and Class B common stock on an individual or combined basis. The following potentially dilutive shares were not included in the calculation of diluted shares outstanding as the effect would have been anti-dilutive (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Stock options | 30,694 |  |  | 34,407 |  |  | 30,694 |  |  | 34,407 |  |  |
RSUs | 8,954 |  |  | 8,330 |  |  | 8,954 |  |  | 8,330 |  |  |
Convertible notes | 3,706 |  |  | 3,880 |  |  | 3,706 |  |  | 3,880 |  |  |
Restricted common stock | 985 |  |  | 1,998 |  |  | 985 |  |  | 1,998 |  |  |
ESPP | 988 |  |  | 1,596 |  |  | 988 |  |  | 1,596 |  |  |
Total | 45,327 |  |  | 50,211 |  |  | 45,327 |  |  | 50,211 |  |  |

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