How to change Steam Privacy settings

Valve Software announced a major change to privacy settings on Steam today that improves user privacy for all users of the gaming platform.

Steam users may select now who has got access to their profile, game details and inventory but the most important part of the announcement is one that Valve did not mention explicitly; the company switched the visibility of all Steam profiles to "friends only".

While that is without a doubt great for privacy, it does mean that useful services such as

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