NET INCOME (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Loss Per Share

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

(in millions, except share and per share data)	Three Months Ended March 31,
	2023				2024
	Class A		Class B		Class A		Class B
Basic earnings per share (“EPS”):
Numerator
Net income (loss)	$	(438)	$	(73)	$	134	$	23
Net income (loss) attributable to common stockholders	$	(438)	$	(73)	$	134	$	23
Denominator
Weighted-average common shares outstanding - basic	769,223,564		127,701,131		749,497,411		125,821,996
Basic EPS	$	(0.57)	$	(0.57)	$	0.18	$	0.18
Diluted EPS:
Numerator
Net income (loss)	$	(438)	$	(73)	$	134	$	23
Reallocation of net income as a result of conversion of Class B to Class A common stock	—		—		23		—
Reallocation of net income to Class B common stock							—
Net income (loss) for diluted EPS	$	(438)	$	(73)	$	157	$	23
Denominator
Weighted-average common shares outstanding - basic	769,223,564		127,701,131		749,497,411		125,821,996
Dilutive effect of stock options and unvested shares	—		—		20,459,748		—
Conversion of Class B to Class A common stock	—		—		125,821,996		—
Weighted-average common shares outstanding - diluted	769,223,564		127,701,131		895,779,155		125,821,996
Net income (loss) per share attributable to common stockholders:
Basic	$	(0.57)	$	(0.57)	$	0.18	$	0.18
Diluted	$	(0.57)	$	(0.57)	$	0.18	$	0.18

Schedule of 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 income (loss) per share because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions that were not satisfied by the end of the period:

	Three Months Ended March 31,
	2023	2024
Time-Based RSUs	63,632,646	4,595,054
Market-Based RSUs	22,822,518	6,045,473
Stock options	14,540,171	2,602,524
Warrants	14,278,034	14,278,034
Employee Stock Purchase Plan ("ESPP")	1,070,783	—
Total anti-dilutive securities	116,344,152	27,521,085