Apparently we’re number 1.

“You” have been named as Time magazine’s Person of the Year for the growth and influence of user-generated content on the internet. The US magazine praised the public for “seizing the reins of the global media” and filling the web’s virtual world.

Time has been giving its controversial awards since 1927, aiming to identify those who most affect the news.

Is there a cash prize? The cost of toys this year is about to make me cry.