Time Person of the Year 2010

Facebook founder Mark Zuckerberg has been named TIME magazine's Person of the Year 2010. Rick Stengel, the magazine's managing editor, made the announced the Time Person of the Year 2010 Wednesday on NBC's "Today" show.

At 26, Zuckerberg is the youngest "Person of the Year" since the first one chosen, Charles Lindbergh; he was 25 when he was named in 1927, Time said Wednesday. Zuckerberg beat out Britain's Queen Elizabeth II by just two weeks: She was 26 when she was named in 1952.

Zuckerberg has built Facebook into an international phenomenon by stretching the lines of social convention and embracing a new and far more permeable definition of community. In this new world, users are able to construct a social network well beyond what would ever be possible face-to-face.