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.