v3.23.3
Net Loss Per Share Attributable to Common Stockholders (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Net Loss Per Share Basic and Diluted
The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the three and nine months ended September 30, 2023 and 2022:
(in millions, except share and per share amounts)Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Numerator:
Net loss, basic$(31)$(98)$(210)$(175)
Gain on change in fair value of warrant liability18 — — 102 
Net loss, diluted$(49)$(98)$(210)$(277)
Denominator:
Weighted average shares of common stock outstanding—basic535,219,532 513,719,867 529,535,807 509,507,937 
Effect of dilutive securities:
Warrants to purchase Class B common stock
1,315,400 — — 492,415 
Weighted average shares of common stock outstanding—diluted536,534,932 513,719,867 529,535,807 510,000,352 
Net loss per share, basic$(0.06)$(0.19)$(0.40)$(0.34)
Net loss per share, diluted$(0.09)$(0.19)$(0.40)$(0.54)
Schedule of Antidilutive Securities Excluded from Computation of Net Loss Per Share
We excluded the following potential shares of common stock from the computation of diluted net loss per share because including them would have an anti-dilutive effect for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Options to purchase Class A common stock and Class B common stock49,319,413 55,688,962 49,319,413 55,688,962 
Unvested restricted stock881,133 3,309,223 881,133 3,309,223 
Unvested restricted stock units35,221,700 28,848,298 35,221,700 28,848,298 
Warrants to purchase Class B common stock
— 6,902,633 6,790,080 — 
Employee Stock Purchase Plan 62,538 24,588 62,538 24,588 
85,484,784 94,773,704 92,274,864 87,871,071