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YouTube says goodbye to decade-old video player UI, but users hate the new design
(www.androidauthority.com)
This is a most excellent place for technology news and articles.
On top od that it takes more vertical space so more % of the video is covered by controls that are not that transparent so the whole control block is covering it in full comparing to previous where only the actual icons and text did cover the video with the gradient to help make it visible if video is the same color.
But one way or another I avoid yt so it doesnt really affect me.