This compressor loads a WebAssembly build of FFmpeg only when you start processing. MP4 output uses H.264 video with AAC audio for broad playback support. WebM uses VP9 and Opus for modern browsers. Both modes remove source metadata from the new file.
Compression is not lossless. The encoder removes visual detail that is harder to notice, and downscaling removes pixels. Results vary with motion, grain, duration, source codec, and how efficiently the original was already encoded.