MySpace Wants To Be A Social Media Player Again

PCWorld reports on new management's plans to revive and revitalize the social media pioneer, which had lost ground to Facebook and others.

"As Google takes on the social networking world with Buzz, and Facebook and Twitter bring out location-sharing ala Foursquare, does anybody remember the social networking site that started it all? MySpace has had a tough year -- with employee cuts and CEO resignations -- but the company's new co-presidents are seeking to turn the site around with a new look, a new mantra ("Discover and be discovered"), and believers.

Co-Presidents Jason Hirschhorn and Mike Jones announced their plans to revamp the former social media giant -- plans that include a brand-new version of the site that will be implemented over the next few months. According to Reuters , Hirschhorn wants the site to grow from 100 million users to 200 or 300 million users (Facebook boasts over 400 million active users, according to its website). Hirschhorn did not give an expected timeframe for said growth."