Soon your controls will appear right next to each thing you share.
1. Tag who you’re with
Click this button to add tags of your friends or anyone else on Facebook. Adding a tag instantly creates a link to the person’s profile and may share your post with their friends.
2. Say where you are
Now you can easily share what city or neighborhood you’re in with every post you make, or share a particular place, like a park or cafe.
3. Manage privacy right where you post
You can choose who sees your status updates, photos and profile info using the inline audience selector — when you share or afterwards.With most of your controls now up front, your privacy settings page has been simplified.
Source: Facebook Blog