AVOS Systems, a company led by YouTube co-founders Chad Hurley and Steven Chen, has launched MixBit, a new social video service for iOS. The app includes features such as the ability to record 16-second clips known as "bits" and allows users mix as many as 256 bits into one video, as well as the capability to remix video clips shared by other users. The app also allows users to record video by touching anywhere on the screen, and enables video editing through a web interface on its official site. MixBit lets you record, edit and publish videos as short as one second or as long as an hour—right from your mobile phone. You can also create videos without needing to shoot original content. Touch your screen anywh
