NET INCOME (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Schedule Of Basic and Diluted Income (Loss) Per Share

The following table presents the calculation of basic and diluted income (loss) per share:


(in thousands, except per share data)	Year ended December 31,
	2019		2020		2021
Net income (loss)	$	(106,569)	$	7,449	$	(3,686,432)
Less: allocation of earnings to participating securities	—		4,601		—
Net income (loss) attributable to common stockholders	$	(106,569)	$	2,848	$	(3,686,432)

Weighted-average common stock outstanding - basic	221,664,610		225,748,355		492,381,190
Dilutive effect of stock options and unvested shares	—		19,249,033		—
Weighted-average common stock outstanding - diluted	221,664,610		244,997,388		492,381,190

Net income (loss) per share attributable to common stockholders:
Basic	$	(0.48)	$	0.01	$	(7.49)
Diluted	$	(0.48)	$	0.01	$	(7.49)

Schedule Of Potential Common Shares Excluded From The Calculation Of Diluted Net Income (Loss) Per Share

The following potential common shares were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions that were not satisfied by the end of the period:


	Year ended December 31,
	2019	2020	2021
Redeemable convertible preferred stock	321,626,778	412,742,897	—
RSUs	51,687,872	75,375,307	108,359,188
Stock options	27,613,830	60,082	14,527,468
Unvested shares	749,943	8,423	15,126
Warrants	—	—	14,278,034
ESPP shares	—	—	246,179
Total anti-dilutive securities	401,678,423	488,186,709	137,425,995