We present net loss per share using the two-class method required for multiple classes of common stock. The rights, including the liquidation and dividend rights, of the holders of Class A common stock and Class B common stock are identical, except with respect to voting. As the liquidation and dividend rights are identical for Class A common stock and Class B common stock, the undistributed earnings are allocated on a proportionate basis and the resulting loss per share will, therefore, be the same for both Class A common stock and Class B common stock on an individual or combined basis.


(in millions, except per share data)	Three Months Ended March 31,
		2021		2022
Net loss		$	(1,445)	$	(392)
Less: allocation of earnings to participating securities		—		—
Net loss attributable to common stockholders		$	(1,445)	$	(392)

Weighted-average common stock outstanding - basic		230,685,464		867,769,168
Dilutive effect of stock options and unvested shares		—		—
Weighted-average common stock outstanding - diluted		230,685,464		867,769,168

Net loss per share attributable to common stockholders:
Basic		$	(6.26)	$	(0.45)
Diluted		$	(6.26)	$	(0.45)

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


	Three Months Ended March 31,
		2021	2022
Redeemable convertible preferred stock		412,742,897	—
RSUs		81,820,160	136,525,285
Stock options		18,096,127	17,486,667
Unvested shares		187,885	7,362
Warrants		—	14,278,034
ESPP shares		—	634,603
Total anti-dilutive securities		512,847,069	168,931,951