FB QUOTE" "IF WE LOST ZNGA OUR FINANCIALS BE ADVERSLY AFFECTED" LINK
THE STREET BY: CHRIS CIACCIA 5/8/12 Social gaming company Zynga(ZNGA_) is the closest way to invest in Facebook without owning the shares.
Facebook generates a significant portion of its revenue from Zynga (approximately 11% of 2011 revenue and 12% of first-quarter 2012 revenue), and is so important to Facebook that it was listed as a major risk factor in its S-1 filing. "If the use of Zynga games on our platform declines for these or other reasons, our financial results may be adversely affected," the S-1 said.
San Francisco-based Zynga has been diversifying itself away from Facebook, launching its Zynga.com platform and there are rumors that the company is expanding into online gambling.