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Facebook's Zuckerberg named Time's person of 2010

Time magazine has picked Facebook CEO Mark Zuckerberg as its annual Person of the Year, the figure it believes had the most influence on events in 2010. The 26-year-old billionaire was the subject of a 2010 film, The Social Network, charting Facebook's rise.

Wikileaks founder Julian Assange earlier won a Time readers' poll on 2010's most influential person. The annual feature has been a fixture since the 1920s, with the winner appearing on the front cover of Time.

Runaway success

Time managing editor Richard Stengel said Mr Zuckerberg's social networking service was "transforming the way we live our lives every day".

Mr Zuckerberg co-founded Facebook while a student at Harvard University in 2004. It now has more than 500 million users worldwide and employs more than 1,700 people.

In a statement, Mr Zuckerberg said the Time award was "a real honour and recognition of how our little team is building something that hundreds of millions of people want to use to make the world more open and connected. I'm happy to be a part of that."

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