NET LOSS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2021

CALCULATION OF BASIC AND DILUTED INCOME (LOSS) PER SHARE

The following table presents the calculation of basic and diluted loss per share:


(in thousands, except per share data)	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2021		2020		2021
Net loss	$	(10,661)	$	(1,316,697)	$	(5,579)	$	(3,263,165)
Less: allocation of earnings to participating securities	—		—		—		—
Net loss attributable to common stockholders	$	(10,661)	$	(1,316,697)	$	(5,579)	$	(3,263,165)

Weighted-average common stock outstanding - basic	225,997,444		638,168,188		225,299,165		368,518,894
Dilutive effect of stock options and unvested shares	—		—		—		—
Weighted-average common stock outstanding - diluted	225,997,444		638,168,188		225,299,165		368,518,894

Net loss per share attributable to common stockholders:
Basic	$	(0.05)	$	(2.06)	$	(0.02)	$	(8.85)
Diluted	$	(0.05)	$	(2.06)	$	(0.02)	$	(8.85)

POTENTIAL COMMON SHARES EXCLUDED FROM THE CALCULATION OF DILUTED NET INCOME (LOSS) PER SHARE

The following potential common shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2021	2020	2021
Redeemable convertible preferred stock	412,742,897	—	412,742,897	—
RSUs	65,598,613	112,492,359	65,598,613	112,492,359
Stock options	24,836,871	15,447,206	24,836,871	15,447,206
Unvested shares	306,966	65,435	306,966	65,435
Warrants	—	14,278,034	—	14,278,034
ESPP shares	—	93,738	—	93,738
Total anti-dilutive securities	503,485,347	142,376,772	503,485,347	142,376,772