Net Loss per Share

12 Months Ended

Dec. 31, 2022

The following table presents the calculation of basic and diluted net loss per share:


(in thousands, except per share amounts)	2022		2021		2020
Numerator
Net loss	$	(92,042)	$	(1,542,590)	$	(463,157)
Less: premium on repurchase of redeemable convertible preferred units	—		—		(92,734)
Net loss attributable to Class A and Class B common stockholders	$	(92,042)	$	(1,542,590)	$	(555,891)

Denominator
Weighted-average shares attributable to Class A and Class B common stockholders, basic and diluted	1,764,598		1,423,887		29,012




Net loss attributable to Class A and Class B common stockholders per share, basic and diluted	$	(0.05)	$	(1.08)	$	(19.16)

During 2020, we repurchased certain preferred units at a premium over the carrying values, which increased net loss attributable to common stockholders. The following have been excluded from the computation of basic and diluted net loss per share attributable to Class A and Class B common stockholders as their effect would have been anti-dilutive:


(in thousands of equivalent common shares)	2022	2021	2020
Convertible debt	—	—	178,567
Redeemable convertible preferred units	—	—	1,329,465
Equity compensation awards	24,147	46,228	79,747