Net Loss Per Share

6 Months Ended

Jun. 30, 2022

The Company computes net loss per share of the Class A common stock and Class B common stock using the two-class method required for participating securities. Basic and diluted loss per share was the same for each period presented as the inclusion of all potential Class A Common Stock and Class B Common Stock outstanding would have been antidilutive. Basic and diluted loss per share are the same for each class of common stock because they are entitled to the same liquidation and dividend rights. The effect of potentially dilutive common shares is reflected in diluted earnings per share by application of the treasury stock method.

The following table sets forth the computation of basic and diluted loss per Class A common stock and Class B common stock (in thousands, except for share and per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net loss – basic and diluted	$	(60,611)	$	(79,595)	$	(208,724)	$	(133,187)
Denominator:
Weighted average common shares outstanding – basic and diluted	408,157,735		385,945,332		404,923,522		371,519,800
Net loss per share attributable to common stockholders – basic and diluted	$	(0.15)	$	(0.21)	$	(0.52)	$	(0.36)

The following outstanding common stock equivalents were considered antidilutive, and therefore, excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented (share numbers are not in thousands).


	As of June 30,
	2022	2021
Common stock warrants	4,535,728	7,623,436
Common stock options	24,039,860	44,929,906

Restricted stock units	13,213,694	3,147,553
Total	41,789,282	55,700,895