Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2021

Earnings (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:


	Year December 31,
	2021		2020		2019
Numerator:
Net loss	$	(471,341)	$	(130,004)	$	(10,879)
Deemed dividend attributable to preferred stock	—		—		—
Net loss attributable to common shareholders	$	(471,341)	$	(130,004)	$	(10,879)
Denominator:
Weighted average Class A common shares outstanding	159,650,008		25,167,525		151,977
Weighted average Class B common shares outstanding	132,354,128		109,867,396		105,191,937
Weighted average Class A and Class B common shares outstanding- Basic	292,004,136		135,034,921		105,343,914
Dilutive effect of potential common shares	—		—		—
Weighted average Class A and Class B common shares outstanding- Diluted	292,004,136		135,034,921		105,343,914
Net loss per share attributable to Class A and Class B Common shareholders- Basic	$	(1.61)	$	(0.96)	$	(0.10)
Net loss per share attributable to Class A and Class B Common shareholders- Diluted	$	(1.61)	$	(0.96)	$	(0.10)

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:


	Year Ended December 31,
	2021	2020	2019
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	—	—	880,334
Convertible senior notes	33,891,845	—	—
Stock options and warrants	30,665,546	52,906,676	17,316,727
Total	64,557,391	52,906,676	66,108,178