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NET LOSS PER SHARE
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
NOTE 10: NET LOSS PER SHARE
We present net loss per share using the two-class method required for multiple classes of common stock. The rights, including the liquidation and dividend rights, of the holders of Class A common stock and Class B common stock are identical, except with respect to voting. As the liquidation and dividend rights are identical for Class A common stock and Class B common stock, the undistributed earnings are allocated on a proportionate basis and the resulting loss per share will, therefore, be the same for both Class A common stock and Class B common stock on an individual or combined basis.
The following table presents the calculation of basic and diluted loss per share:
(in millions, except per share data)Three Months Ended
March 31,
20212022
Net loss$(1,445)$(392)
Less: allocation of earnings to participating securities— — 
Net loss attributable to common stockholders$(1,445)$(392)
Weighted-average common stock outstanding - basic230,685,464 867,769,168 
Dilutive effect of stock options and unvested shares— — 
Weighted-average common stock outstanding - diluted230,685,464 867,769,168 
Net loss per share attributable to common stockholders:
Basic$(6.26)$(0.45)
Diluted$(6.26)$(0.45)
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
March 31,
20212022
Redeemable convertible preferred stock412,742,897 — 
RSUs81,820,160 136,525,285 
Stock options18,096,127 17,486,667 
Unvested shares187,885 7,362 
Warrants— 14,278,034 
ESPP shares— 634,603 
Total anti-dilutive securities512,847,069 168,931,951