I was a long-term Tivo investor, and I know how hard it is to give up on a stock that you believe should do well. But Angie's List is not going to win, long term, against the likes of Facebook and even Ebay. I made money on Tivo, but it took forever, because Dish Network basically lied and cheated its way through the court system, and got away with it. Facebook doesn't have to cheat to undercut Angie's List. Angie's List doesn't have a protectable advantage. I'll admit that I have a small short position in ANGI, but I'm writing this to hopefully save some long investors from the headache that I know is coming. I've been there.