Instagram head Adam Mosseri announced the launch of Edits, a CapCut rival.David M. Benett via Getty ImagesInstagram announced a new video-editing app called Edits as TikTok and CapCut face US restrictions.Instagram head Adam Mosseri announced the tool, which will be released on March 13, on Sunday.Edits will offer video editing tools and analytics, Mosseri said.Instagram announced a new video-editing app called "Edits" on Sunday, a day after rival ByteDance apps TikTok and CapCut went dark in the US.The app is slated to be released on March 13, Adam Mosseri, the head of Instagram, announced in a video posted on the platform.