Mark Zuckerberg is Time’s 2010 Person of the Year

Facebook co-founder beat out Assange, Karzai, Chilean miners, Tea Party

Image: Time Person of the Year magazine cover featuring Mark ZuckerbergTime magazine

"Most applications are going to become social, and most industries are going to be rethought," Mark Zuckerberg told Time magazine.

By Laura T. Coffey

Meet the second-youngest individual ever to be named Time magazine’s Person of the Year: Mark Zuckerberg, co-founder of the omnipresent social-networking site Facebook.

“It’s something that is transforming the way we live our lives every day,” Time Managing Editor Richard Stengel said as he announced the magazine’s 2010 selection live on TODAY Wednesday. “It’s social engineering, changing the way we relate to each other.”

If you regularly use a computer, you may feel as though you already know the 26-year-old Zuckerberg. And maybe you’ve seen the acclaimed movie “The Social Network,” which portrays Zuckerberg as socially stunted, calculating and arrogant. But Stengel told TODAY’s Matt Lauer and Meredith Vieira that there’s more to the multibillionaire CEO.

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