https://www.dropbox.com/en/help/246
Specifically:
Add the following line to
/etc/apt/sources.list.d/dropbox.list
(Replace trusty with your build's name below.)
deb http://linux.dropbox.com/ubuntu trusty main
To import our GPG keys into your apt repository, perform the following command from your terminal shell:
$ sudo apt-key adv --keyserver pgp.mit.edu
--recv-keys 1C61A2656FB57B7E4DE0F4C1FC918B335044912E
"Removed" user installed dropboxd using followed instructions here:
mv ~/.dropbox-dist ~/.dropbox-dist_old
Ask dropbox to reinstall the dropboxd in the userspace
dropbox start -i
Now things are working!