(NEW YORK) -- Time magazine has named Mark Zuckerberg, the 26-year-old billionaire founder of Facebook, its Person of the Year.
"In less than seven years, Zuckerberg wired together a twelfth of humanity in a single network...It's a permanent fact of our global social reality. We have entered the Facebook age, and Mark Zuckerberg is the man who brought us here," Time writes in its profile.
Since the distinction began in 1927, the magazine chooses the person every year who "has done the most to change the news, for better or worse." It has also selected groups of people, devices, and famously, even You...representing a new population contributing content online.
Runners-up this year included the Tea Party, Julian Assange, Hamid Karzai and the 33 Chilean Miners.
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