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REVISION OF PREVIOUSLY ISSUED QUARTERLY FINANCIAL STATEMENTS (UNAUDITED)
 12 Months Ended
Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]  
REVISION OF PREVIOUSLY ISSUED QUARTERLY FINANCIAL STATEMENTS (UNAUDITED) REVISION OF PREVIOUSLY ISSUED QUARTERLY FINANCIAL STATEMENTS (UNAUDITED)
Presented below are the revisions to the previously issued quarterly financial statements for immaterial errors in 2022 related to the purported misappropriation of funds by a former senior marketing employee as disclosed in Note 2, “Basis of Presentation and Summary of Significant Accounting Policies.” The following tables present the effect of the revision on the condensed consolidated statements of operations and comprehensive loss, condensed consolidated statements of redeemable convertible preferred stock and stockholders' equity and condensed consolidated statements of cash flows.
Three Months Ended March 31, 2022 (unaudited)
As reportedAdjustmentsAs Corrected
Condensed consolidated statement of operations and comprehensive loss data:(in millions, except per share amounts)
Sales and marketing$14.7 $0.6 $15.3 
General and administrative30.0 0.5 30.5 
Total operating expenses156.3 1.1 157.4 
Operating loss(70.9)(1.1)(72.0)
Loss before income tax expense(76.4)(1.1)(77.5)
Net loss(76.4)(1.1)(77.5)
Comprehensive loss$(80.1)$(1.1)$(81.2)
Weighted-average common shares outstanding: basic and diluted (both Class A and B)(1)
14.0 14.0 
Loss per common share: basic and diluted (both Class A and B)(1)
$(5.46)$(5.54)
______________
(1) Reflects the 1-for-18 reverse stock split that became effective August 12, 2022. Refer to Note 2, “Basis of Presentation and Summary of Significant Accounting Policies.”
Three Months Ended June 30, 2022 (unaudited)Six Months Ended June 30, 2022 (unaudited)
As reportedAdjustmentsAs CorrectedAs reportedAdjustmentsAs Corrected
Condensed consolidated statements of operations and comprehensive loss data:(in millions, except per share amounts)(in millions, except per share amounts)
Sales and marketing$25.4 $(4.0)$21.4 $40.1 $(3.4)$36.7 
General and administrative29.9 9.6 39.5 59.9 10.1 70.0 
Total operating expenses161.1 5.6 166.7 317.4 6.7 324.1 
Operating loss(80.7)(5.6)(86.3)(151.6)(6.7)(158.3)
Loss before income tax expense(89.9)(5.6)(95.5)(166.3)(6.7)(173.0)
Net loss(89.9)(5.6)(95.5)(166.3)(6.7)(173.0)
Comprehensive loss$(91.2)$(5.6)$(96.8)$(171.3)$(6.7)$(178.0)
Weighted-average common shares outstanding: basic and diluted (both Class A and B)(1)
14.1 14.1 14.0 14.0 
Loss per common share: basic and diluted (both Class A and B)(1)
$(6.38)$(6.77)$(11.88)$(12.36)
______________
(1) Reflects the 1-for-18 reverse stock split that became effective August 12, 2022. Refer to Note 2, “Basis of Presentation and Summary of Significant Accounting Policies.”
Three Months Ended September 30, 2022 (unaudited)Nine Months Ended September 30, 2022 (unaudited)
As reportedAdjustmentsAs CorrectedAs reportedAdjustmentsAs Corrected
Condensed consolidated statements of operations and comprehensive loss data:(in millions, except per share amounts)(in millions, except per share amounts)
Sales and marketing$5.7 $2.4 $8.1 $45.8 $(1.0)$44.8 
General and administrative26.4 — 26.4 86.3 10.1 96.4 
Total operating expenses128.4 2.4 130.8 445.8 9.1 454.9 
Operating loss(54.7)(2.4)(57.1)(206.3)(9.1)(215.4)
Loss before income tax expense(64.0)(2.4)(66.4)(230.3)(9.1)(239.4)
Net loss(64.0)(2.4)(66.4)(230.3)(9.1)(239.4)
Comprehensive loss$(66.3)$(2.4)$(68.7)$(237.6)$(9.1)$(246.7)
Weighted-average common shares outstanding: basic and diluted (both Class A and B)(1)
14.1 14.1 14.0 14.0 
Loss per common share: basic and diluted (both Class A and B)(1)
$(4.54)$(4.71)$(16.45)$(17.10)
______________
(1) Reflects the 1-for-18 reverse stock split that became effective August 12, 2022. Refer to Note 2, “Basis of Presentation and Summary of Significant Accounting Policies.”
As of March 31, 2022 (unaudited)
As reportedAdjustmentsAs Corrected
Condensed consolidated statement of redeemable convertible preferred stock and stockholders equity data: (in millions)
Accumulated loss$(1,346.5)$(1.1)$(1,347.6)
Total stockholders’ equity$468.7 $(1.1)$467.6 
As of June 30, 2022 (unaudited)
As reportedAdjustmentsAs Corrected
Condensed consolidated statement of redeemable convertible preferred stock and stockholders equity data:(in millions)
Accumulated loss$(1,436.4)$(6.7)$(1,443.1)
Total stockholders’ equity$388.0 $(6.7)$381.3 
As of September 30, 2022 (unaudited)
As reportedAdjustmentsAs Corrected
Condensed consolidated statement of redeemable convertible preferred stock and stockholders equity data:(in millions)
Accumulated loss$(1,500.4)$(9.1)$(1,509.5)
Total stockholders’ equity$330.9 $(9.1)$321.8 
Three Months Ended March 31, 2022 (unaudited)
As reportedAdjustmentsAs Corrected
Condensed consolidated statement of cash flows data: (in millions)
Net loss$(76.4)$(1.1)$(77.5)
Other assets4.9 1.1 6.0 
Net cash used in operating activities$(51.2)$— $(51.2)
Six Months Ended June 30, 2022 (unaudited)
As reportedAdjustmentsAs Corrected
Condensed consolidated statement of cash flows data:(in millions)
Net loss$(166.3)$(6.7)$(173.0)
Other assets(10.5)6.7 (3.8)
Net cash used in operating activities$(104.9)$— $(104.9)
Nine Months Ended September 30, 2022 (unaudited)
As reportedAdjustmentsAs Corrected
Condensed consolidated statement of cash flows data:(in millions)
Net loss$(230.3)$(9.1)$(239.4)
Other assets(11.1)9.1 (2.0)
Net cash used in operating activities$(163.9)$— $(163.9)