No two Hoovervilles were quite alike, and the camps varied in population and size. Some were as small as a few hundred people while others, in bigger metropolitan areas such as Washington, D.C., and New York City, boasted thousands of inhabitants. St. Louis, Missouri, was home to one of the countryâs largest and longest-standing Hoovervilles.
Snap shares set new all-time low as investor concerns pile up. Snap's stock fell to an all-time low of $12.52 a share. Instagram said on Wednesday that users under 25 spend more than 32 minutes a day on Instagram. Snap's lockup period is expiring, allowing company insiders and early investors to unleash their shares into the market.
There are a few reasons why Hastings can get away with this attitude without investors calling for his head. Wednesdayâs stock market was a tumultuous one in general, seeing the Dow close down 173 points after a 458-point drop at its worst. And amid lingering concerns that tech valuations in general were too high, many investors were ready to sell any stock on bad news.