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Convertible Preferred Stock and Stockholders' Deficit | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Convertible Preferred Stock and Stockholders' Deficit | 5. Convertible Preferred Stock and Stockholders' Deficit Convertible Preferred Stock Upon closing of the IPO on March 26, 2021, all of the then-outstanding shares of convertible preferred stock automatically converted into 115,269,221 shares of Class B common stock on a one-for-one basis. There were no shares of convertible preferred stock outstanding subsequent to the closing of the IPO. Common Stock On March 11, 2021, the Board of Directors and the stockholders of the Company approved an amended and restated certificate of incorporation that implemented a dual class common stock structure where all existing shares of common stock converted to Class B common stock and a new class of common stock, Class A common stock, became authorized. The amended and restated certificate of incorporation became effective immediately prior to the closing of the IPO on March 26, 2021. The authorized share capital of Class A common stock of the Company is 2,000,000,000 and the authorized share capital for Class B common stock is 160,000,000. The Class A common stock is entitled to one vote per share and the Class B common stock is entitled to ten votes per share. The Class A and Class B common stock have the same rights and privileges and rank equally, share ratably, and are identical in all respects for all matters except for the voting, conversion, and transfer rights. The Class B common stock converts to Class A common stock at any time at the option of the holder. During the three and nine months ended September 30, 2021, 49,257,842 and 70,310,049 Class B shares converted to an equal number of shares of Class A common stock, respectively.

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