Net Loss Per Share Attributable to Common Stockholders

12 Months Ended

Dec. 31, 2020

Net Loss Per Share Attributable to Common Stockholders

14. Net Loss Per Share Attributable to Common Stockholders

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share amounts):


	As of December 31,
	2020			2019			2018

Numerator
Net loss	$	(1,166,391	)	$	(579,646	)	$	(580,027	)
Less: Accretion of Series H redeemable convertible preferred stock to redemption value		—			—			(18,098	)
Less: Distributed earnings attributable to participating securities		—			(8,481	)		—

Net loss attributable to common stockholders	$	(1,166,391	)	$	(588,127	)	$	(598,125	)
Less: Change in fair value attributable to participating securities		(5,483	)		—			(38,953	)

Net loss attributable to common stockholders, for diluted net loss per share	$	(1,171,874	)	$	(588,127	)	$	(637,078	)

Denominator
Weighted-average shares used in computing net loss per share, basic		977,721,736			576,958,560			537,280,394
Weighted-average shares used in computing net loss per share, diluted		979,330,067			576,958,560			544,014,393
Net loss per share
Net loss per share attributable to common stockholders, basic	$	(1.19	)	$	(1.02	)	$	(1.11	)

Net loss per share attributable to common stockholders, diluted	$	(1.20	)	$	(1.02	)	$	(1.17	)

The following outstanding potentially dilutive common stock equivalents have been excluded from the computation of diluted

net loss per share attributable to common stockholders for the periods presented due to their anti-dilutive effect:


	As of December 31,
	2020		2019		2018

Redeemable convertible preferred stock		—		4,017,378		25,947,422
Convertible preferred stock		—		791,252,998		791,263,372
Warrants to purchase redeemable convertible and convertible preferred stock		—		21,831,545		22,245,552
Warrants to purchase common stock		19,068,174		993,266		993,266
Options and SARs issued and outstanding		535,791,503		497,541,159		487,299,359
RSUs outstanding		184,870,238		179,494,619		—
Growth units outstanding		3,582,674		3,582,674		—

Total		743,312,589		1,498,713,639		1,327,748,971