
	Three Months Ended March 31,
	2024		2023
Basic Net income (loss) per share:
Numerator
Net income (loss)	$	1,176,245	$	(78,896)
Less: Income allocated to participating securities	(766)		—
Net income (loss) attributable to common stockholders, basic	$	1,175,479	$	(78,896)

Denominator
Weighted-average shares of common stock used to compute Net income (loss) per share attributable to common stockholders, basic	242,793		231,489
Net income (loss) per share attributable to common stockholders, basic	$	4.84	$	(0.34)

Diluted Net income (loss) per share:
Numerator
Net income (loss)	$	1,176,245	$	(78,896)
Less: Income allocated to participating securities	(697)		—
Add: Interest on convertible notes, net of tax	2,531		—

Net income (loss) attributable to common stockholders, diluted	$	1,178,079	$	(78,896)

Denominator
Weighted-average shares of common stock used to compute Net income (loss) per share attributable to common stockholders, basic	242,793		231,489
Weighted-average effect of potentially dilutive securities:
Stock options	18,534		—
Convertible notes	4,145		—
RSUs	2,164		—

Restricted common stock	309		—


Weighted-average shares of common stock used to compute Net income (loss) per share attributable to common stockholders, diluted	267,945		231,489
Net income (loss) per share attributable to common stockholders, diluted	$	4.40	$	(0.34)

Certain shares of the Company’s restricted Class A common stock granted as consideration in past acquisitions are participating securities. These participating securities do not contractually require the holders of such shares to participate in the Company’s losses.

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 a result, the undistributed earnings are allocated on a proportionate basis and the resulting income (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.