Net Loss Per Share Attributable to Common Stockholders

12 Months Ended

Dec. 31, 2021

Net Loss Per Share Attributable to Common Stockholders

16. 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 (convertible preferred stock). 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):


	Year Ended December 31,
	2021			2020			2019
Numerator:
Net loss attributable to common stockholders	$	(494.1	)	$	(270.2	)	$	(388.0	)

Denominator:
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted		326,336,128			109,954,760			106,529,880

Net loss per share attributable to common stockholders, basic and diluted	$	(1.51	)	$	(2.46	)	$	(3.64	)

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):


	Year Ended December 31,
	2021		2020		2019
Convertible preferred stock		—		238,954,050		248,271,850
Outstanding stock options		54,525,539		62,827,150		43,776,850
Outstanding RSUs		54,517,930		32,556,160		5,297,200
Unvested early exercised options		1,068,300		1,075,710		—
Unvested common stock		391,092		640,320		1,097,880

Total		110,502,861		336,053,390		298,443,780