Net Loss Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Net Loss Per Share

9. Net Loss Per Share

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, less shares subject to repurchase. The diluted net loss per share is computed by giving effect to all potentially dilutive common stock equivalents outstanding for the period. For purposes of this calculation, redeemable convertible preferred stock, stock options, RSUs, restricted stock awards (“RSAs”), and early exercised stock options are considered to be common stock equivalents but are excluded from the calculation of diluted net loss per share when including them has an anti-dilutive effect. The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data):

	Three Months Ended March 31,
	2019			2018
Net loss	$	(1,138,473	)	$	(234,339	)
Weighted-average shares used in computing net loss per share, basic and diluted		23,459			20,039
Net loss per share, basic and diluted	$	(48.53	)	$	(11.69	)

The following outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect (in thousands):

	March 31,
	2019		2018
Redeemable convertible preferred stock (on an if-converted basis)		219,176		201,179
Stock options		6,694		14,779
RSUs		25,064		37,779
RSAs		189	—
Early exercised stock options	—			6
Total		251,123		253,743