Facebook Founder Time ‘Person of the Year’

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New York: Mark Elliot Zuckerberg, Founder and CEO of Facebook, was named Time magazine’s 2010 Person of the Year today. 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. Facebook, the social networking site that has more than half a billion users today, has become synonymous with Social Media.

Richard Stengel, Editor of Time, while announcing the winner said, “This year they passed 500 million users. The scale of Facebook is something that is transforming our lives. 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 is 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 dormitory. Now he is one of the world’s youngest billionaires and his privately held company is projected to have 2010 revenues of $2 billion. At 26 years old, he is the youngest winner of the honour. Zuckerberg owns about a quarter of Facebook’s shares.

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.

Kerala IT News

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