Net Loss Per Share

3 Months Ended

Mar. 31, 2024

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 March 31,
	2024				2023
	Class A		Class B		Class A		Class B

Numerator:
Net loss	$	(21,725)	$	(3,087)	$	(181,226)	$	(27,353)
Denominator:
Weighted-average shares used in computing net loss per share, basic and diluted	594,353		84,466		591,815		89,325
Net loss per share, basic and diluted	$	(0.04)	$	(0.04)	$	(0.31)	$	(0.31)

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 March 31,
	2024	2023

Outstanding stock options	12,397	15,225
Unvested restricted stock units and restricted stock awards	43,486	53,246



Total	55,883	68,471