05
Nov
unnamed (5)

It was only about six weeks ago that we were reporting on the shiny new Android app from Sold, the dead-simple aftermarket service that promised to make getting cash for your used gadgets and other semi-precious items as easy as dropping them in a box. This morning the company announced that they had been acquired by cloud storage giant Dropbox for an undisclosed sum.

soldbox

As of now, Sold is not accepting new items for cash sales. The announcement instructs those who are currently waiting on a payout to hold tight - they'll be contacting potential claimants individually. As of Tuesday morning the Sold app can still be installed from the Play Store, but trying to add any new items will result in an error message. The Android app was not well-received: it currently has a lamentable 2.6 star rating, with most reviews citing poor optimization and picky acceptance of used goods.

This is an interesting move for Dropbox - I don't think anyone would have predicted that the storage company would be eager to jump into the postmodern pawn shop business. While it would be a shame for Sold's generally well-regarded infrastructure to go to waste, this might be a talent acquisition or "acqui-hire." Neither company is being particularly forthcoming on their future plans. The announcement only says that "[Dropbox's] roadmap includes exciting new experiences which align perfectly with our ethos of creating products that positively affect people. Going forward, the Sold team will continue working together to build these experiences, shaping the future of Dropbox for their 200M strong user base."

Source: UseSold.com

Jeremiah Rice
Jeremiah is a US-based blogger who bought a Nexus One the day it came out and never looked back. In his spare time he watches Star Trek, cooks eggs, and completely fails to write novels.
  • CodyRichards

    Interesting. I wonder what Dropbox has planned for this.

    • flosserelli

      Hopefully more than what happened with audiogalaxy.

  • http://thedangerbrain.com/ Alfonso Surroca

    Well, that sucks. I had been using Sold to get rid of some of my old gadgets since the Android app came out. Yes, you'd get slightly less than trying to sell stuff yourself on eBay, but the hassle-free experience was worth it. I hope someone steps in to fill the void if this is indeed an acqui-hire situation.

    • Cherokee4Life

      Can you give examples of devices and what they paid for them? I never used the service and now am curious as to what I missed out on :(

      • Freak4Dell

        In my experience, it was just another one of those electronics sales programs that gave you nothing close to what the device was actually worth. I inquired about my S3, and they offered somewhere around $200. I ended up selling for $260 elsewhere, and even that was just because I wanted to be rid of it. I don't think you missed out on much.

        • Marc Peters

          They offered $120 for my droid razr maxx. Which I didn't think was THAT bad. The are selling for $150-180 on ebay the time I checked.

  • km3k

    Sold is dead. Notice the past tense on the website:

    "What was Sold?
    Sold was a service and iOS/Android app that took over the burden of selling."

  • yankeesusa

    My friend used it once and he really liked it. On gsm phones the service was worth it. on sprint phones for some reason it sucked. I really liked the service. I hope they revive it somewhere else, sometimes I don't wish to go through ebay, in fact Ive used swappa the last 5 times. I hate ebay. My profit goes down to almost not even being worth it when I sell on ebay.

  • Dany Bouffard

    I think what Dropbox, plan on this is simple, buy it and kill it.

  • Eric

    These are both started by MIT folks. I think that almost certainly has something to do with it. Could just be a talent acquisition?

  • http://flavors.me/sabret00the sabret00the

    Standard aquihire.

    • http://www.androidpolice.com/author/eric-ravenscraft/ Eric Ravenscraft

      Somebody learned a fancy new buzzword recently.

  • kpjimmy

    Sold was sold :) I only used it once and worked pretty well. I even asked for a box! Great service...I guess I'll use swappa now lol

  • Fitzelgard Allan Gerard

    I take it Dropbox plans to use this as an opportunity to have pictures/documentations of stuff people want to sell and have them organized and grouped up. Like you were to sell 2 phones, you could group them up properly and keep all records of transactions and such stored on your Dropbox. Just speculation

  • flosserelli

    Hopefully Dropbox will offer better security. I opened a Sold account but thankfully never used it (their database was hacked last week).

  • FrillArtist

    It's pretty obvious that Dropbox plans to use Sold to sell your information to corporations and governments.

  • Murb

    So I guess you can say *puts sunglasses on* that Sold is sold.

Quantcast