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LOSS PER SHARE
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
LOSS PER SHARE LOSS PER SHARE
The following table displays the computation of basic and diluted loss per share for both Class A and Class B common stock for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(in millions, except per share amounts)
Net loss$(89.9)$(178.6)$(166.3)$(278.2)
Weighted-average common shares outstanding: basic and diluted (both Class A and B)253.0 248.9 252.3 248.0 
Loss per common share: basic and diluted (both Class A and B)$(0.36)$(0.72)$(0.66)$(1.12)
We excluded the following potentially dilutive common stock equivalents, presented based on amounts outstanding at each period end, from the computation of diluted loss per share attributable to common shareholders for the periods indicated because including them would have had an anti-dilutive effect:

As of June 30,
20222021
(in millions)
Options to purchase common stock4.47.4
Nonvested shares subject to repurchase1.93.9
Restricted stock units24.26.0
Redeemable convertible preferred stock (as converted to common stock)14.1
Warrants to purchase common stock137.7
Total182.3 17.3 
On August 1, 2022, a subcommittee of our Board of Directors approved a reverse stock split of our Class A common stock and Class B common stock at a ratio of 1-for-18. The reverse stock split will be effected through an amendment to our Amended and Restated Certificate of Incorporation, which is expected to be filed and take effect, or the Effective Time, after market close August 12, 2022.
At the Effective Time, every 18 issued and outstanding shares of our Class A common stock and Class B common stock will be converted into one share of our Class A common stock and Class B common stock, respectively. Once effective, the reverse stock split will reduce the number of shares of Class A common stock issued and outstanding from approximately 161.2 million to approximately 9.0 million, and will reduce the number of shares of Class B common stock issued and outstanding from approximately 93.8 million to approximately 5.2 million.
As a result of the reverse stock split, all historical per share data, number of shares outstanding and other common stock equivalents presented in future financial statements will be retroactively adjusted.
The following table displays the computation of pro forma reverse stock split effected basic and diluted loss per share for both Class A and Class B common stock for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(in millions, except per share amounts)
Net loss$(89.9)$(178.6)$(166.3)$(278.2)
Weighted-average common shares outstanding: basic and diluted (both Class A and B) - pro forma14.1 13.8 14.0 13.8 
Loss per common share: basic and diluted (both Class A and B) - pro forma$(6.38)$(12.94)$(11.88)$(20.16)