TIME Magazines person of the Year is....

Mark Zuckerberg, Co-Founder and CEO of Facebook, for connecting more than half a billion people and mapping the social relations among them; for creating a new system of exchanging information; and for changing how we all live our lives

Mark Zuckerberg was a 19-year-old Harvard student who began an “an online directory” that connected “people through social networks at colleges.” A mere 7 years later, he has built a social empire, and has gone to become of one the youngest billionaires and most influential people in the world. This year, Facebook friended its 500 millionth user and began competing head-to-head with Google for Web domination. Facebook accounted for 1 in every 4 page views in the US.
Facebook's value has risen to over $50 billion, making it worth more then companies like RIM(Blackberry), Starbucks, Dell, Yahoo and eBay.