NET LOSS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

Calculation of Basic and Diluted Income (Loss) Per Share

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


(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)

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 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