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Net Loss per Share
 6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Net Loss per Share Net Loss Per Share
The Company applies the two-class method for computing and presenting net loss per share for each class of common stock. The two-class method allocates current period net loss to each class of common stock and participating securities based on (i) dividends declared and (ii) participation rights in the remaining undistributed losses.
Basic net loss per share is computed by dividing the net loss allocated to each class of common stock using the two-class method by the related weighted-average number of shares outstanding during the period.
Diluted net loss per share gives effect to all securities representing potential common shares that were dilutive and outstanding during the period for each class of common stock. Potential shares of Common Stock include (i) incremental shares of Common Stock calculated using the treasury stock method for share-based compensation awards, (ii) incremental shares of Common Stock issuable upon the conversion of Class B Common Stock, and (iii) incremental shares of Common Stock calculated using the treasury stock method for warrants to purchase additional shares of Common Stock that were issued in connection with a business combination.
For purposes of the diluted net loss per share of Common Stock computation, all potential shares of Common Stock that would be dilutive were excluded because their effect would be anti-dilutive. As a result, basic net loss per share of Common Stock is equal to diluted net loss per share of Common Stock for the periods presented.
For purposes of the diluted net loss per share of Class B Common Stock computation, basic net loss per share of Class B Common Stock is equal to diluted net loss per share of Class B Common Stock because (i) there were no potential shares of Class B Common Stock outstanding and (ii) the Company reported a net loss during the three and six months ended June 30, 2021.
The following table provides the computations of basic and diluted net loss per share for each class of common stock:
Three Months EndedSix Months Ended
June 30, 2021June 30, 2020June 30, 2021June 30, 2020
(in thousands, except per share amounts)Common StockClass B Common StockCommon StockClass B Common StockCommon StockClass B Common StockCommon StockClass B Common Stock
Allocation of net loss - basic and diluted$(117,446)$(8,404)$(106,741)$— $(162,109)$(11,635)$(407,034)$— 
Weighted-average shares outstanding - basic and diluted765,922 54,745 760,597 — 764,322 54,745 759,845 — 
Net loss per share - basic and diluted$(0.15)$(0.15)$(0.14)$— $(0.21)$(0.21)$(0.54)$—