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Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Computation of basic and diluted net loss per share
The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except per share data):
Three Months Ended March 31,
20212020
Net loss$(427,339)$(398,073)
Weighted-average shares used in computing net loss per share, basic and diluted326,165 304,502 
Net loss per share, basic and diluted$(1.31)$(1.31)
Schedule of outstanding shares of common stock equivalents excluded from computation of diluted net loss per share
The following potentially dilutive outstanding shares were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in thousands):
March 31,
20212020
Restricted stock units34,392 36,174 
2025 Notes(1)
19,471 — 
Stock options1,430 2,453 
Performance based restricted stock units325 — 
ESPP192 345 
Restricted stock awards— 63 
Total55,810 39,035 
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(1)In connection with the issuance of the 2025 Notes, the Company entered into Capped Calls, which were not included for purposes of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. The Capped Calls are expected to reduce the potential dilution to the Company's common stock (or, in the event a conversion of the 2025 Notes is settled in cash, to reduce its cash payment obligation) in the event that at the time of conversion of the 2025 Notes the Company's common stock price exceeds the conversion price of the 2025 Notes.