Net Loss per Share

12 Months Ended

Dec. 31, 2022

Net Loss per Share

Basic and diluted net loss per share attributable to Class A common stockholders and Class B common stockholders (collectively, "Common Stockholders") for the years indicated was calculated as follows:


	Years ended December 31,
	2022		2021		2020
	(in thousands, except per share and share amounts)
Net loss	$	(338,844)	$	(587,756)	$	(136,392)
Net loss attributable to Common Stockholders	(338,844)		(587,756)		(136,392)
Basic and diluted weighted average number of common shares and common share equivalents outstanding	476,244,262		412,922,424		88,691,582
Net loss per share attributable to Common Stockholders—basic and diluted	$	(0.71)	$	(1.42)	$	(1.54)

Because the Company had a Net loss during the years ended December 31, 2022, 2021, and 2020, the Company's potentially dilutive securities, which include stock options, RSUs, PRSUs, preferred stock, and warrants to purchase shares of common stock and preferred stock, have been excluded from the computation of diluted net loss per share, as the effect would be anti-dilutive. Therefore, during these periods, the diluted common shares outstanding equals the average common shares outstanding. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to Common Stockholders for the periods indicated because including them would have had an anti-dilutive effect:


	Years ended December 31,
	2022	2021	2020
Options to purchase common stock	26,996,507	32,879,626	36,557,759
RSUs	49,617,199	21,294,841	—
PRSUs	29,945,235	27,818,524	—
Convertible preferred stock (as converted to common stock)	—	—	139,444,346
Warrants to purchase common stock (as converted to common stock)	—	—	7,502,902

Total anti-dilutive shares excluded from computation of net loss per share	106,558,941	81,992,991	183,505,007