Net Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net loss	$	(459,517)	$	(463,477)	$	(1,294,702)	$	(2,246,189)
Weighted-average shares used in computing net loss per share, basic and diluted	314,530		294,784		309,433		203,199
Net loss per share, basic and diluted	$	(1.46)	$	(1.57)	$	(4.18)	$	(11.05)

Schedule of Outstanding Shares of Common Stock Equivalents Excluded from Computation of Diluted Net Loss Per Share

The following potentially dilutive outstanding shares 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, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in thousands):


	September 30,
	2020	2019
Restricted stock units	40,851	42,209
2025 Notes(1)	19,471	—
Stock options	2,203	3,881
ESPP	280	235
Performance based restricted stock units	250	—
Restricted stock awards	—	125
Total	63,055	46,450

_______________

(1)In connection with the issuance of the 2025 Notes, the Company entered into Capped Calls, which were not included for purposes of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. The Capped Calls are expected to reduce the potential dilution to the Company's common stock (or, in the event a conversion of the 2025 Notes is settled in cash, to reduce its cash payment obligation) in the event that at the time of conversion of the 2025 Notes the Company's common stock price exceeds the conversion price of the 2025 Notes.