Zynga (ZNGA -4.4%) is started at Underperform by Needham, which expects strong growth to...

|About: Zynga (ZNGA)|By:, SA News Editor

Zynga (ZNGA -4.4%) is started at Underperform by Needham, which expects strong growth to continue "at a substantially lower rate" and cites "greater competition, user churn and slowing growth of Facebook’s user base." Shares are smacked today by news that insiders plan to sell 43M shares in an offering that will attempt to stagger a flood of shares when the initial lockup periods end.