There are literally 10 to 20 things that can go wrong for this company in the next year.. It’s a fundamentally flawed business model. They don’t own content. They don’t own distribution, and they can’t sustain the price point that they’ve established.

— Tony Wible, an analyst at Janney Capital Markets, on Netflix’s vulnerabilities. The company announced on Monday that it was abandoning its plan to spin off its DVDs-by-mail business as “Qwikster”.