NET LOSS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Basic and Diluted Net Loss per Share

Basic and diluted net loss per share attributable to common stockholders are calculated as follows (in thousands, except share and per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net loss	$	(524,403)	$	(161,237)	$	(1,534,081)	$	(408,105)
Deemed dividend related to the issuance of Series E convertible preferred stock	—		—		(2,167,332)		—
Net loss attributable to common stockholders	$	(524,403)	$	(161,237)	$	(3,701,413)	$	(408,105)

Weighted-average shares outstanding—basic and diluted	1,217,032,285		24,279,817		432,654,607		20,889,062

Net loss per share:
Basic and diluted	$	(0.43)	$	(6.64)	$	(8.56)	$	(19.54)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect:


Excluded Securities	September 30, 2021	September 30, 2020
Convertible preferred stock (on an as-converted basis)	—	825,191,683
Convertible preferred stock warrants (on an as-converted basis)	—	1,546,799
Private warrants to purchase common stock	34,494,445	—
Public warrants to purchase common stock	9,317,468	—
Options outstanding to purchase common stock	67,013,622	65,641,710
RSUs outstanding	27,158,866	—
Total	137,984,401	892,380,192