Time names Mark Zuckerberg 2010 Person of the Year

NEW YORK,  (Reuters) – Mark Zuckerberg, founder and  chief executive of The Facebook social networking site that has  more than half a billion users, was named Time magazine’s 2010  Person of the Year yesterday.

Time defines the Person of the Year as the person who, for  better or for worse, does the most to influence the events of  the year.

Mark Zuckerberg

“This year they passed 500 million users. … The scale of  Facebook is something that is transforming our lives. One in 10  people on the planet, and it’s excluded in China where one in  five people on the planet live,” Time editor Richard Stengel  said upon announcing the winner on NBC Television’s “Today”  show.

“It’s not just a new technology. It’s social engineering.  It’s changing the way we relate to each other. I actually think  it’s affecting human nature in a way that we have never even  seen before.”

Zuckerberg was a 19-year-old sophomore at Harvard  University in 2004 when he started a Web service called  Thefacebook.com from his dorm. Now he is one of the world’s  youngest billionaires and his privately held company is  projected to have 2010 revenues of $2 billion, Time said.

Zuckerberg pledged a $100 million donation to the Newark,  New Jersey, school system this year, and he was the subject of  the Hollywood movie “The Social Network”.

At 26 years old, Zuckerberg is the youngest winner since  Charles Lindbergh was named the magazine’s first person of the  year in 1927 when he became the first pilot to fly solo across  the Atlantic Ocean.    Since then the Time honor has become a cultural reference  in the United States.

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