Why Zynga is on its last leg

In Zynga’s July 2011 prospectus to future shareholders, company founder and CEO Mark Pincus outlined his firm’s ambitious plan to take over the gaming world.

“My kids decided a few months ago that peek-a-boo was their favorite game,” he wrote. “While it’s unlikely that we can improve upon this classic, I look forward to playing Zynga games with them very soon. When they enter high school, there’s no doubt that they’ll search on Google, they’ll share with their friends on Facebook, and they’ll probably do a lot of shopping on Amazon. And I’m planning for Zynga to be there when they want to play.”