NET LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

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):


	Year Ended December 31,
	2022		2021		2020
Net loss	$	(1,304,460)	$	(2,579,761)	$	(719,380)
Deemed contribution related to repurchase of Series B convertible preferred stock	—		—		1,000
Deemed contribution related to repurchase of Series C convertible preferred stock	—		—		12,784
Deemed dividend related to the issuance of Series E convertible preferred stock	—		(2,167,332)		—
Net loss attributable to common stockholders, basic	(1,304,460)		(4,747,093)		(705,596)
Change in fair value of dilutive warrants	(1,254,218)		—		—
Net loss attributable to common stockholders, diluted	$	(2,558,678)	$	(4,747,093)	$	(705,596)

Weighted-average shares outstanding, basic	1,678,346,079		740,393,759		24,825,944
Private Placement Warrants using the treasury stock method	14,912,529		—		—
Weighted-average shares outstanding, diluted	1,693,258,608		740,393,759		24,825,944

Net loss per share:
Basic	$	(0.78)	$	(6.41)	$	(28.42)
Diluted	$	(1.51)	$	(6.41)	$	(28.42)

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:


	Year Ended December 31,
Excluded Securities	2022	2021	2020
Convertible preferred stock (on an as-converted basis)	—	—	957,159,704
Convertible preferred stock warrants (on an as-converted basis)	—	—	1,546,799
Private Placement Warrants to purchase common stock	—	44,350,000	—
Options outstanding to purchase common stock	39,011,116	64,119,902	70,675,318
RSUs outstanding	38,570,298	32,210,200	—
Employee stock purchase plan	11,826,419	—	—
If-converted common shares from convertible note	36,737,785	36,737,785	—
Total	126,145,618	177,417,887	1,029,381,821