FOBO aims to replace Craigslist as the place to sell your old electronics

FOBO, a new app that offers its users a new way to sell goods via mobile devices, has launched in San Francisco today. When you list an item on FOBO, the app instantly prices your item, usually based on the average sales price on eBay. It then starts up an auction that lasts a little more than an hour and a half, during which time other FOBO users can bid on your goods.

By now you probably know that Craigslist sucks as a way to sell stuff. You have to contend with spam emails, buyers who promise to purchase your goods but flake, and people who show up then try to haggle down the price after the fact. But somehow, no one has figured out a way to make it better or provide a real alternative. Well, there’s a new app out called FOBO that aims to solve all those problems, providing users with a local marketplace for selling consumer electronics.