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Net Loss Per Share | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
Net Loss Per Share | 1 2. Net Loss Per Share For periods in which there were Class A and Class B shares outstanding, the rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock were identical, except with respect to voting, converting, and transfer rights. As the liquidation and dividend rights were identical for Class A and Class B common stock, the undistributed earnings were allocated on a proportionate basis and the resulting net loss per share would, therefore, be the same for both Class A and Class B common stock on an individual or combined basis. The following table presents the calculation of basic and diluted net loss per share (in thousands, except share and per share data):
| Year Ended December 31, |
| 2021 |  |  | 2020 |  |  | 2019 |
| Class A and Class B Common |  |  | Common |  |  | Convertible Founder |  |  | Common |  |  | Convertible Founder |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss | $ | (342,801 | ) |  | $ | (219,560 | ) |  | $ | (10,268 | ) |  | $ | (87,207 | ) |  | $ | (7,835 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used to compute net loss per share, basic and diluted |  | 188,627,720 |  |  |  | 99,562,032 |  |  |  | 4,656,050 |  |  |  | 88,147,380 |  |  |  | 7,920,000 |
Net loss per share, basic and diluted | $ | (1.82 | ) |  | $ | (2.21 | ) |  | $ | (2.21 | ) |  | $ | (0.99 | ) |  | $ | (0.99 | )
The following outstanding potentially dilutive shares were excluded from the computation of diluted net loss per share for the periods presented because the impact of including them would have been anti-dilutive:
|  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2019 |
Redeemable convertible preferred stock |  |  | - |  |  |  | 115,277,850 |  |  |  | 90,624,091 |
Stock options |  |  | 61,926,383 |  |  |  | 71,213,150 |  |  |  | 67,586,556 |
Unvested early exercised stock options |  |  | 2,164,577 |  |  |  | 2,338,945 |  |  |  | 4,510,347 |
RSUs |  |  | 6,434,508 |  |  |  | - |  |  |  | - |
ESPP |  |  | 1,322,476 |  |  |  | - |  |  |  | - |
Shares issuable upon conversion of the 2027 Notes |  |  | 10,992,960 |  |  |  | - |  |  |  | - |
Total |  |  | 82,840,904 |  |  |  | 188,829,945 |  |  |  | 162,720,994 |
The Company calculates the potential dilutive effect of its 2027 Notes under the if-converted method. Under this method, diluted net loss per share is determined by assuming that all of the 2027 Notes were converted into shares of the Company’s Class A common stock at the beginning of the reporting period. In connection with the issuance of the 2027 Notes, the Company entered into Capped Calls, which are not included for purposes of calculating the number of diluted weighted-average shares outstanding, as their effect would have been anti-dilutive. The Capped Calls are expected to partially offset the potential dilution to the Company’s Class A common stock upon any conversion of the 2027 Notes.

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