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And in a business decision that demonstrates the appeal of TikTok, Facebook's Instagram is launching its own version－Instagram Reels.

Analysts noted that the fluctuation of Canada Goose's stock prices has been impacted by the recent social criticism of the killing of wild animals. Some experts said the apparel company's stocks have been impacted by the arrest of Meng Wanzhou, chief financial officer of Huawei Technologies Co.

Ang Ziyu (right) leads other members during a training session designed to help visually impaired students bound for college travel independently in Shanghai this month. FANG ZHE/XINHUA

Analysts are still bullish, despite the near-term impact on margins.

And the company is losing customers too. Blue Apron’s decision to cut marketing spending by .1 million in the quarter played a role in the 9 percent reduction of its customer base this quarter to 943,000 down from about 1 million customers last quarter.