v3.22.2.2
NET LOSS PER SHARE
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
NOTE 12: NET LOSS PER SHARE
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.
The following table presents the calculation of basic and diluted loss per share:
(in millions, except share and per share data)Three Months Ended
September 30,
Nine Months Ended
September 30,
2021202220212022
Net loss$(1,317)$(175)$(3,264)$(862)
Less: allocation of earnings to participating securities— — — — 
Net loss attributable to common stockholders$(1,317)$(175)$(3,264)$(862)
Weighted-average common shares outstanding - basic638,168,188 882,356,575 368,518,894 875,055,571 
Dilutive effect of stock options and unvested shares— — — — 
Weighted-average common shares used to compute diluted loss per share638,168,188 882,356,575 368,518,894 875,055,571 
Net loss per share attributable to common stockholders:
Basic$(2.06)$(0.20)$(8.85)$(0.99)
Diluted$(2.06)$(0.20)$(8.85)$(0.99)
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
September 30,
Nine Months Ended
September 30,
2021202220212022
RSUs112,492,359 130,510,263 112,492,359 130,510,263 
Stock options15,447,206 15,905,575 15,447,206 15,905,575 
Early-exercised stock options65,435 — 65,435 — 
Warrants14,278,034 14,278,034 14,278,034 14,278,034 
ESPP shares93,738 824,292 93,738 824,292 
Total anti-dilutive securities142,376,772 161,518,164 142,376,772 161,518,164