Ryan Deffenbaugh - Profile and Journalist Details
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Get connected with journalists todayRyan Deffenbaugh
Verified
Technology Reporter, Investor's Business Daily
New York
Beats
Biography
Journalist for hire. Previously covered fintech for Protocol and New York City's technology industry for Crain's New York Business.
Technology , New York City , Business News , Financial Technology , Fintech
I will cover anything but I have the least experience with economic reporting.
Content
By Ryan Deffenbaugh| Investor's Business Daily Verified Uber Technologies (UBER) stock gained Thursday, set to close higher for the shortened trading week. Shares of the ride-hail and food-delivery giant also moved above a key trendline, with some Wall Street analysts telling clients that Uber's business can withstand an economic slowdown. Uber stock rose more than 3% to 75.78 in afternoon trades on the stock market today.
By Ryan Deffenbaugh| Investor's Business Daily Verified With the end to a key U.S. trade exemption near, market analysts say China-founded e-commerce players Temu and Shein have pulled back sharply on advertising. Shares of Temu parent company PDD Holdings (PDD) have slumped in recent weeks but the ad pullback could also have implications for Meta Platforms (META) and other social media stocks. Starting May 2, packages shipped directly from China to the U.S. will no longer qualify for a duty exemption on goods under $800.
By Ryan Deffenbaugh| Investor's Business Daily Verified One of the rare Wall Street analysts who is bearish on Meta Platforms (META) further cut his price target for the stock, saying the Facebook parent company is "starting to look vulnerable to a growth slowdown."BNP Paribas Exane analyst Stefan Slowinksi cut his price target for Meta stock to 448 from a previous 505 in a client note late Tuesday. He also reiterated an underperform call for shares of the $1.3 trillion social-media giant.
Company Info
Investor's Business Daily
Investor's Business Daily (IBD) was founded in 1984 by William J. O'Neil and rebranded in 1991. The company aims to provide individual investors with the same information that professionals use, helping to level the playing field between Wall Street and Main Street. In March 2021, IBD was acquired by News Corp and continues to operate as a standalone brand from its headquarters in Los Angeles. IBD offers comprehensive financial news and data through its newspaper and online platform. It provides stock lists, performance ratings, and market data to assist investors in making informed decisions. The company is well-known for its CAN SLIM investment strategy, which focuses on identifying high-performing stocks and is featured in the weekly IBD 50 Index. Since moving primarily online in 2016, IBD has developed a range of digital tools and resources to promote financial literacy among retail investors.
Los Angeles, California, United States
'+1 800-831-2525
Founded: 1984