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.
Alibaba shares are at an all-time low â and people are asking questions about fake customers. (REUTERS/Ruben Sprich) Jack Ma, founder and executive chairman of Alibaba Group. Alibaba shares are at an all-time low. On Tuesday, shares of the Chinese e-commerce giant were down more than 2.5% to trade below $82 for the first time since the company went public in September. Since hitting their all-time highs in early November, shares of the company are down more than 30%. And a report in The Wall Street Journal published on Monday certainly isn't helping the stock.
The news isn't pretty: Earlier this week, the S&P 500 closed below 700 -- its lowest level since October 1996. Many former stalwarts are faring even worse: General Electric (NYSE:GE) hit an 18-year low yesterday. Bank of America (NYSE:BAC) hasn't traded at these levels in 25 years. Citigroup (NYSE:C) hit an all-time low of $0.97 at one point Thursday. This hurts, thereâs no doubt.