SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2020
Schedule of computation of basic and diluted loss per ordinary share  

The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common shareholders for the years ended December 31, 2020, 2019, and 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

    

2020

    

2019

    

2018

Basic net loss per share:

 

 

  

 

 

  

 

 

  

Numerator:

 

 

  

 

 

  

 

 

  

Net loss

 

$

(286,760)

 

$

(339,170)

 

$

(239,929)

Minus: Deemed dividend

 

 

 —

 

$

 —

 

 

7,224

Minus: Net income attributable to noncontrolling interests

 

$

 —

 

$

1,847

 

$

1,362

Net loss attributable to common shareholders – basic

 

$

(286,760)

 

$

(341,017)

 

$

(248,515)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic and diluted

 

 

109,301

 

 

79,977

 

 

78,564

Basic net loss per share

 

$

(2.62)

 

$

(4.26)

 

$

(3.16)

Diluted net loss per share:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(286,760)

 

$

(339,170)

 

$

(239,929)

Minus: Deemed dividend

 

 

 —

 

$

 —

 

 

7,224

Minus: Net income attributable to noncontrolling interests

 

$

 —

 

$

1,847

 

$

1,362

Minus: Gain on liability-classified warrants

 

$

 —

 

 

8,132

 

 

 —

Net loss attributable to common shareholders – diluted

 

$

(286,760)

 

$

(349,149)

 

$

(248,515)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic and diluted

 

 

109,301

 

 

79,977

 

 

78,564

Diluted net loss per share

 

$

(2.62)

 

$

(4.37)

 

$

(3.16)

 

Social Capital Member    
Schedule of computation of basic and diluted loss per ordinary share

 

 

 

 

 

 

 

 

    

Three Months Ended

    

Nine Months Ended

 

 

September 30, 

 

September 30, 

 

 

2020

 

2020

Net loss

 

$

(6,043,293)

 

$

(6,321,195)

Less: Income attributable to ordinary shares subject to possible redemption

 

 

(15,332)

 

 

(39,725)

Adjusted net loss

 

$

(6,058,625)

 

$

(6,360,920)

 

 

 

 

 

 

 

Weighted average shares outstanding, basic and diluted

 

 

12,179,587

 

 

10,111,790

 

 

 

 

 

 

 

Basic and diluted net loss per ordinary share

 

$

(0.50)

 

$

(0.63)