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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in millions, except per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(90

)

 

$

(111

)

 

$

(150

)

 

$

(239

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used in computing net loss per share, basic and diluted

 

 

667

 

 

 

624

 

 

 

664

 

 

 

621

 

Net loss per share, basic and diluted

 

$

(0.13

)

 

$

(0.18

)

 

$

(0.23

)

 

$

(0.38

)

Summary of Outstanding Shares of Potentially Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share

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

 

 

 

As of June 30,

 

 

 

2022

 

 

2021

 

 

 

(in millions)

 

Common stock options outstanding

 

 

50

 

 

 

70

 

Unvested restricted stock units outstanding(1)

 

 

80

 

 

 

39

 

Employee Stock Purchase Plan

 

 

2

 

 

 

3

 

Total

 

 

132

 

 

 

112

 

 

(1)
Unvested restricted stock units outstanding as of June 30, 2021 include 11 million performance-based RSUs, which were cancelled in the first quarter of 2022.