Facebook CEO named 'Person of the Year'

By The Associated Press

Time magazine’s “Person of the Year” for 2010 is Facebook founder and CEO Mark Zuckerberg.

The 26-year-old billionaire joins Bono, Ben Bernanke and President George W. Bush as Time POY alumni.

This year seemed almost like a Heisman campaign for Zuckerberg. Earlier this year he pledged $100 million to Newark’s school system and then came the motion picture. Just days ago, Zuckerburg announced he would join Giving Pledge, an effort led by Microsoft founder Bill Gates and investor Warren Buffett and donate a large portion of his fortune to charity.