Net Loss Per Share

6 Months Ended

Jun. 30, 2023

We present net loss per share using the two-class method required for multiple classes of common stock. Holders of our Class A and Class B common stock have identical rights except with respect to voting, conversion and transfer rights and therefore share equally in our net income or losses.

We calculate basic net loss per share by dividing net loss by the weighted-average number of shares of common stock outstanding during the period.

Diluted net loss per share gives effect to all potential shares of common stock, including stock options, RSAs and RSUs, to the extent these are dilutive.

We calculated basic and diluted net loss per share as follows (in thousands, except per share amounts):


	Three Months Ended June 30,								Six Months Ended June 30,
	2023				2022				2023				2022
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B

Numerator:
Net loss	$	(30,314)	$	(4,628)	$	(37,288)	$	(5,788)	$	(211,427)	$	(32,094)	$	(41,845)	$	(6,512)
Denominator:
Weighted-average shares used in computing net loss per share, basic and diluted	584,978		89,302		573,255		88,987		588,382		89,314		570,760		88,825
Net loss per share, basic and diluted	$	(0.05)	$	(0.05)	$	(0.07)	$	(0.07)	$	(0.36)	$	(0.36)	$	(0.07)	$	(0.07)

Basic net loss per share is the same as diluted net loss per share because we reported net losses for all periods presented. We excluded the following weighted-average potential shares of common stock from our calculation of diluted net loss per share because these would be anti-dilutive (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022

Outstanding stock options	14,723	15,210	14,973	15,568
Unvested restricted stock units and restricted stock awards	50,521	48,605	52,085	41,709



Total	65,244	63,815	67,058	57,277