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Content on your profile will appear next to an icon and a drop-down menu. This inline menu lets you know who can see this part of your profile, and change it right there if you want.
Full report: Facebook moves privacy controls inline, simplifies sharing by Emil Protalinski.
Facebook has added the ability to approve tags before they show up on your profile. You can choose to use the new tool to approve or reject any photo or post you are tagged in before it’s visible to anyone else on your profile.