Net Income (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2022

Computation of Basic and Diluted Earnings per Share of Common Stock

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods indicated (in thousands, except per share amounts):


	Three Months Ended March 31,
		2021		2022
Net loss attributable to Class A and Class B common stockholders		$	(1,172,211)	$	(18,792)
Weighted-average shares in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted		600,960		635,314


Net loss per share attributable to Class A and Class B common stockholders, basic and diluted		$	(1.95)	$	(0.03)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Additionally, the following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive (in thousands):


	Three Months Ended March 31,
		2021	2022
2026 Notes(1)		11,086	11,086
Warrants		7,935	7,935
Escrow shares		431	74
Stock options		36,718	23,801
Restricted stock awards		192	105
Restricted stock units		49,440	27,571
Employee stock purchase plan		559	378

Total		106,361	70,950

(1)Holders of the 2026 Notes who convert their 2026 Notes in connection with certain corporate events that constitute a make-whole fundamental change are entitled to an increase in the conversion rate. The 11.1 million shares represents the maximum number of shares that can be issued upon conversion after considering the make-whole fundamental change adjustment on an unweighted basis.