v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Net interest revenues $ 55 $ 62
Total net revenues 299 522
Operating expenses:    
Brokerage and transaction 31 41
Technology and development 266 117
Operations 91 67
Marketing 34 102
General and administrative 268 137
Total operating expenses 690 464
Change in fair value of convertible notes and warrant liability 0 1,492
Other income, net 0 (1)
Loss before income taxes (391) (1,433)
Provision for income taxes 1 12
Net loss (392) (1,445)
Net loss attributable to common stockholders:    
Basic (392) (1,445)
Diluted $ (392) $ (1,445)
Net loss per share attributable to common stockholders:    
Basic (in dollars per share) $ (0.45) $ (6.26)
Diluted (in dollars per share) $ (0.45) $ (6.26)
Weighted-average shares used to compute net loss per share attributable to common stockholders:    
Basic (in shares) 867,769,168 230,685,464
Diluted (in shares) 867,769,168 230,685,464
Transaction-based revenues    
Revenues:    
Revenues $ 218 $ 420
Other revenues    
Revenues:    
Revenues $ 26 $ 40