Zynga Inc (ZNGA)

[PokerVertigo]

Company risks
1) Heavy dependance on FB which accounts for over 90% of ZNGA revenue - no partnership and revs have drastically fallen here (mobile is where money is now)
2) About 2% of players pay to play (This is usually the case in mobile free to play as well... about 3 - 5% actually)
3) Complex share structure, 3 classes of stock, all majority voting rights belonging to the CEO - Yep, he didn't do us justice with his class C shares
4) High selling pressure after lock up expiration lack of ethics and trust... check
5) Highly acquisitive and not really expecting this to change true

Competitive risks - I don't think they're number one anymore..
- Competition from the following: EA, Rovio, Gameloft, Gluu, etc. while competiting with broader pc/console game publishers such as activision, blizzard, ea, take two, thq, ubisoft. etc.