NET LOSS PER SHARE

6 Months Ended

Jun. 30, 2023

Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding adjusted for the dilutive effect of all potential shares of common stock. In periods when the Company reported a net loss, diluted net loss per share is the same as basic net loss per share because the effects of potentially dilutive items were anti-dilutive.

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net loss	$	(125,842)	$	(209,277)	$	(145,168)	$	(416,640)
Less: Net loss attributable to noncontrolling interests	(3,336)		(1,263)		(5,824)		(4,427)
Net loss attributable to common stockholders	$	(122,506)	$	(208,014)	$	(139,344)	$	(412,213)
Denominator:
Basic shares:
Weighted-average shares used to compute basic net loss per share	606,692		581,350		604,476		561,501
Diluted shares:



Weighted-average shares used to compute diluted net loss per share	606,692		581,350		604,476		561,501
Net loss per share attributable to common stockholders:
Basic	$	(0.20)	$	(0.36)	$	(0.23)	$	(0.73)
Diluted	$	(0.20)	$	(0.36)	$	(0.23)	$	(0.73)

The following potential common shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Stock options, restricted stock, and employee stock purchase plan	47,477	32,925	42,180	28,184
Convertible notes	15,034	18,025	16,522	18,032
Common stock warrants	23,188	41,479	23,188	41,917
Total anti-dilutive securities	85,699	92,429	81,890	88,133