WeVideo includes editing and 1 GB of cloud storage for free. You can export your video to Facebook, YouTube and Vimeo. Fee-based accounts will be available later in the year that increase the resolution to 1080p and up the storage to 50 GB and add other features.
"Create: bring "flat" PowerPoint® slides to life with your webcam, microphone
Edit: make changes, without the need for video editing software or skills
Share: publish instantly to private spaces or your social networks"