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NET INCOME (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME (LOSS) PER SHARE
The Company computes net income (loss) per share attributable to our common stockholders using the two-class method required for multiple classes of common stock and participating securities. The holders of our Class A and Class B common stock (together, "common stock") have identical liquidation and dividend rights but different voting rights. Accordingly, we present net income (loss) per share for Class A and Class B common stock together.

Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding adjusted for the dilutive effect of all potential shares of common stock. In periods when the Company reported a net loss, diluted net loss per share is the same as basic net loss per share because the effects of potentially dilutive items were anti-dilutive.

The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data):
Year Ended December 31,
202420232022
Basic net income (loss) per share:
Numerator
Net income (loss) attributable to common stockholders$2,897,047 $9,772 $(540,747)
Denominator
Shares used to compute basic net income (loss) per share616,993 608,856 578,949 
Basic net income (loss) per share$4.70 $0.02 $(0.93)
Diluted net income (loss) per share:
Numerator
Net income (loss) attributable to common stockholders$2,897,047 $9,772 $(540,747)
Interest expense on convertible notes6,216 — — 
Net income (loss) used to compute diluted net income (loss) per share$2,903,263 $9,772 $(540,747)
Denominator
Shares used to compute basic net income (loss) per share616,993 608,856 578,949 
Stock options, restricted stock, and employee stock purchase plan7,289 5,168 — 
Convertible notes12,108 — — 
Shares used to compute diluted net income (loss) per share636,390 614,024 578,949 
Diluted net income (loss) per share$4.56 $0.02 $(0.93)

The following potential common shares were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive for the periods presented (in thousands):
Year Ended December 31,
202420232022
Stock options, restricted stock, and employee stock purchase plan37,687 40,431 32,185 
Convertible notes— 14,297 18,029 
Common stock warrants12,108 20,243 33,699 
Total anti-dilutive securities49,795 74,971 83,913