Loss Per Share

9 Months Ended

Sep. 30, 2022

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 September 30,
	2022		2021
Numerator:
Net loss	$	(149,342)	$	(109,844)
Denominator:
Weighted average Class A common shares outstanding	170,870,467		163,779,402
Weighted average Class B common shares outstanding	132,354,128		132,354,128
Weighted average Class A and Class B common shares outstanding- Basic and Diluted	303,224,595		296,133,530
Net loss per share attributable to Class A and Class B Common shareholders- Basic and Diluted	$	(0.49)	$	(0.37)


	Nine Months Ended September 30,
	2022		2021
Numerator:
Net loss	$	(377,392)	$	(332,909)
Denominator:
Weighted average Class A common shares outstanding	167,107,937		158,091,137
Weighted average Class B common shares outstanding	132,354,128		132,354,128
Weighted average Class A and Class B common shares outstanding- Basic and Diluted	299,462,065		290,445,265
Net loss per share attributable to Class A and Class B Common shareholders- Basic and Diluted	$	(1.26)	$	(1.15)

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 September 30,
	2022	2021
Convertible senior notes	33,891,845	33,891,845
Stock options and warrants	30,555,194	31,185,282
Total	64,447,039	65,077,127