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Net Loss Per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Net Loss Per Share | 13. Net Loss Per Share The following table presents the calculation of basic and diluted net loss per share (in thousands, except share and per share data):
| Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
| Class A and Class B Common Stock |  |  | Class A and Class B Common Stock |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net loss | $ | (89,900 | ) |  | $ | (103,425 | ) |  | $ | (182,867 | ) |  | $ | (255,980 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used to compute net loss per share, basic and diluted |  | 319,415,586 |  |  |  | 297,827,200 |  |  |  | 316,809,384 |  |  |  | 294,862,197 |
Net loss per share, basic and diluted | $ | (0.28 | ) |  | $ | (0.35 | ) |  | $ | (0.58 | ) |  | $ | (0.87 | )
The following outstanding potentially dilutive shares were excluded from the computation of diluted net loss per share attributable to the Company’s Class A and Class B common stockholders for the periods presented because the impact of including them would have been anti-dilutive:
| June 30, 2024 |  |  | June 30, 2023 |
Stock options |  | 26,788,538 |  |  |  | 36,467,274 |
Unvested early exercised stock options |  | 67,525 |  |  |  | 284,550 |
RSUs |  | 21,297,536 |  |  |  | 25,308,465 |
ESPP |  | 514,211 |  |  |  | 1,553,885 |
Shares issuable upon conversion of the 2027 Notes |  | 10,992,960 |  |  |  | 10,992,960 |
Total |  | 59,660,770 |  |  |  | 74,607,134 |
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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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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