Time Mag: 2010 Person of the Year Mark Zuckerberg (COVER PHOTO, VIDEO)

time magazine person of the year mark zuckerberg of facebook

Time magazine has named Facebook co-founder Mark Zuckerberg 2010 Person of the Year.  Managing Editor Richard Stengel made the announcement live on TODAY Wednesday.

He said: "It's something that is transforming the way we live our lives every day.  It's social engineering, changing the way we relate to each other.  He's very affable, he's in the moment, he's quick-witted.  He has this thing when he gets on camera and becomes suddenly shy."

The 26-year-old is the second youngest person to be given the honor.  The youngest was Charles Lindbergh, who was only 25 when he was Time magazine's very first Man of the Year back in 1927.

Runner-ups were the Tea Party, Julian Assange from WikiLeaks, Hamid Karzai, leader of Afghanistan, and the Chilean miners.

According to Time, the nod went to Zuckerberg because he "created a system of exchanging information that has become both indispensable and sometimes a little frightening.  It has changed our lives in ways that are both innovative and even optimistic."

Check out this morning's Today Show reveal video below:

Time magazine 2009 Person of the Year