YouTube launches its latest video editor, with new features and tools to let users fix and edit their videos as well as those of other users.

YouTube users can now fix and edit their latest uploads with a brand new video editor. YouTube took its standalone video editor used for slicing together clips from multiple videos to the next level with more features and tools. As part of its collaboration with Picnik, the Web-based photo editing service, users can layer different effects, like vintage or black-and-white, onto their videos. Features like audio swap and video stabilization are also available but perhaps the biggest advantage of the new editor is the ability to let users make edits while preserving the original video and any social interaction it has had. YouTube product manager Jason Toff explains the release of the new video editor:

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