The Unfiled Public Reports Folder contains shared custom reports created by your Administrator, but not filed into a Custom Report Folder.
This folder is generally used as a placeholder folder for new reports until a Custom Report Folder has been created. Once the new folders are created, you can move your reports to different folders.
In Lightning, this folder is called Public Reports.
Features of the Unified Public Reports Folder
Note: To set the visibility of a report into Private, you need to move the report into a Private report folder.
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