Loss Per Share

6 Months Ended

Jun. 30, 2021

10. Loss Per Share

Founders Convertible Preferred Stock are participating securities as the Founders Convertible Preferred Stock participates in undistributed earnings on an

as-if-converted

basis. The Company computes earnings (loss) per share of Class A Common Stock and Class B Common Stock using the

two-class

method required for participating securities. Basic and diluted earnings per share was the same for each period presented as the inclusion of all potential Class A Common Stock and Class B Common Stock outstanding would have been anti-dilutive. Basic and diluted earnings per share are the same for each class of common stock because they are entitled to the same liquidation and dividend rights. The following table sets forth the computation of basic and diluted loss per Class A Common Stock and Class B Common Stock:


	Three-months Ended June 30,
	2021			2020
Numerator:
Net loss	$	(46,222	)	$	(1,815	)
Denominator:
Weighted average Class A common shares outstanding		162,921,645			241,166
Weighted average Class B common shares outstanding		132,354,128			105,191,937

Weighted average Class A and Class B common shares outstanding- Basic and Diluted		295,275,773			105,433,103

Net loss per share attributable to Class A and Class B Common shareholders- Basic and Diluted	$	(0.16	)	$	(0.02	)


	Six-months Ended June 30,
	2021			2020
Numerator:
Net loss	$	(223,065	)	$	(2,941	)
Denominator:
Weighted average Class A common shares outstanding		155,234,925			238,136
Weighted average Class B common shares outstanding		132,354,128			105,191,937

Weighted average Class A and Class B common shares outstanding- Basic and Diluted		287,589,053			105,430,073

Net loss per share attributable to Class A and Class B Common shareholders- Basic and Diluted	$	(0.78	)	$	(0.03	)

The following table presents the potential common shares outstanding that were excluded from the computation of diluted net loss per share of common stock as of the periods presented because including them would have been antidilutive:


	As of June 30,
	2021		2020
Series A Convertible Preferred Stock		—		16,983,241
Series B Convertible Preferred Stock		—		3,765,685
Founders Convertible Preferred Stock		—		27,162,191
Bridge notes		—		4,374,929
Stock options and warrants		31,185,282		18,450,214

Total		31,185,282		70,736,260