Net Loss Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2021

Net Loss Per Share Attributable to Common Stockholders

10.	Net Loss Per Share Attributable to Common Stockholders

The Company computes net loss per share under the

two-class

method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights, of the Class A common stock, Class B common stock and Class C common stock are substantially identical, other than voting rights. Accordingly, the net loss per share attributable to common stockholders will be the same for Class A common stock, Class B common stock and Class C common stock on an individual or combined basis.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in millions, except share and per share amounts):


	Three Months Ended March 31,
	2021			2020
Numerator:
Net loss attributable to common stockholders	$	(212.4	)	$	(132.7	)

Denominator:
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, basic and diluted		126,917,284			108,764,426

Net loss per share attributable to common stockholders, basic and diluted	$	(1.67	)	$	(1.22	)

The following participating securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been anti-dilutive (on an

as-converted

basis):


	Three Months Ended March 31,
	2021		2020
Convertible preferred stock		223,033,725		248,336,668
Outstanding stock options		59,603,390		50,414,160
Outstanding RSUs		50,272,925		23,992,200
Unvested early exercised options		1,740,600		—
Unvested common stock		525,930		9 83 ,490

Total		335,176,570		323,726,518