Time magazine named Facebook co-founder Mark Zuckerberg its "person of the year" Wednesday, beating out a push by readers of the magazine for WikiLeaks maestro Julian Assange to take the honor.
Zuckerberg, only 26, is the second youngest person named to the cover of Time's ritual annual.
Managing editor Richard Stengel said Zuckerberg's social networking service was "transforming the way we live our lives every day."
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