Loss Per Share

12 Months Ended

Dec. 31, 2023

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 Ended December 31,
	2023		2022		2021
Numerator:
Net loss	$	(939,947)	$	(547,496)	$	(471,341)
Denominator:
Weighted average Class A common shares outstanding	211,624,861		171,011,940		159,650,008
Weighted average Class B common shares outstanding	132,354,128		132,354,128		132,354,128
Weighted average Class A and Class B common shares outstanding- Basic	343,978,989		303,366,068		292,004,136
Net loss per share attributable to Class A and Class B Common shareholders- Basic and Diluted	$	(2.73)	$	(1.80)	$	(1.61)

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,
	2023	2022	2021
Convertible senior notes	359,338,274	33,891,845	33,891,845
Stock options and warrants	36,714,669	37,155,050	30,665,546
Total	396,052,943	71,046,895	64,557,391