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.
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."