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Net Loss per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Numerators and Denominators of Basic and Diluted Net Loss per Share Computations for Common Stock

The numerators and denominators of the basic and diluted net loss per share computations for our common stock are calculated as follows for the three and nine months ended September 30, 2022 and 2021:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands, except per share data)

 

 

 

Class A

Common

 

 

Class B

Common

 

 

Class C

Common

 

 

Class A

Common

 

 

Class B

Common

 

 

Class C

Common

 

 

Class A

Common

 

 

Class B

Common

 

 

Class C

Common

 

 

Class A

Common

 

 

Class B

Common

 

 

Class C

Common

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(302,674

)

 

$

(5,060

)

 

$

(51,768

)

 

$

(60,340

)

 

$

(1,076

)

 

$

(10,543

)

 

$

(962,047

)

 

$

(15,967

)

 

$

(163,179

)

 

$

(426,077

)

 

$

(7,822

)

 

$

(76,606

)

Net loss attributable to

   common stockholders

 

$

(302,674

)

 

$

(5,060

)

 

$

(51,768

)

 

$

(60,340

)

 

$

(1,076

)

 

$

(10,543

)

 

$

(962,047

)

 

$

(15,967

)

 

$

(163,179

)

 

$

(426,077

)

 

$

(7,822

)

 

$

(76,606

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average

   common shares

   - Basic

 

 

1,354,258

 

 

 

22,638

 

 

 

231,627

 

 

 

1,325,700

 

 

 

23,639

 

 

 

231,627

 

 

 

1,365,593

 

 

 

22,665

 

 

 

231,627

 

 

 

1,288,290

 

 

 

23,651

 

 

 

231,627

 

Diluted shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average

   common shares

   - Diluted

 

 

1,354,258

 

 

 

22,638

 

 

 

231,627

 

 

 

1,325,700

 

 

 

23,639

 

 

 

231,627

 

 

 

1,365,593

 

 

 

22,665

 

 

 

231,627

 

 

 

1,288,290

 

 

 

23,651

 

 

 

231,627

 

Net loss per share

   attributable to

   common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.22

)

 

$

(0.22

)

 

$

(0.22

)

 

$

(0.05

)

 

$

(0.05

)

 

$

(0.05

)

 

$

(0.70

)

 

$

(0.70

)

 

$

(0.70

)

 

$

(0.33

)

 

$

(0.33

)

 

$

(0.33

)

Diluted

 

$

(0.22

)

 

$

(0.22

)

 

$

(0.22

)

 

$

(0.05

)

 

$

(0.05

)

 

$

(0.05

)

 

$

(0.70

)

 

$

(0.70

)

 

$

(0.70

)

 

$

(0.33

)

 

$

(0.33

)

 

$

(0.33

)

Schedule of Potentially Dilutive Shares Excluded from Calculation of Diluted Net Loss per Share

The following potentially dilutive shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

 

 

 

Three and Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Stock options

 

 

4,084

 

 

 

4,708

 

Unvested RSUs and RSAs

 

 

94,143

 

 

 

95,874

 

Convertible Notes (if-converted)

 

 

89,379

 

 

 

62,755