A few minutes ago the Facebook team announced that they’ve started rolling out privacy control to mobile users - iPhone web app included. In fact, the iPhone web app is the screenshot they chose to post.
“All of Facebook’s privacy controls are now available from any browser-enabled mobile device to the more than 500 million people, like you, who are using Facebook in every country around the world. Few online services offer any privacy controls to their mobile users. None that we know of offer the same control as the desktop version.
As mobile devices have become more sophisticated and widespread, we’ve noticed that people are creating content and accessing Facebook at every moment of the day, in many locations—not just from desktops.
Wherever you are connecting and sharing through Facebook, you should be able to make real time decisions over your information. Now you can.”
Available on m.facebook.com/privacy (I still can’t see them, though) the mobile privacy controls allow you to select who can see content, customize your granular settings and read through the privacy guide, optimized for mobile devices.