MySpace in its original incarnation had peaked in a way

MySpace also plans to reduce the number of ads displayed in hopes of letting the higher-priced premium placements stand out.

The online hangout MySpace is revamping its site to draw more members and help them better engage with one another.[/q
[q url="http://www.theage.com.au/news/web/nip-and-tuck-for-myspace/2008/06/15/1213468213309.html"]The News Corp.-owned social-networking site also is updating its profile editor to make customisation easier...

Tom Anderson, MySpace's co-founder and president, said the changes are part of an ongoing effort to shatter any perception that the site is only for teens and young adults. ...

"We felt like we reached a point where MySpace in its original incarnation had peaked in a way," Anderson said in an interview. "We were wondering how we can expand our market and appeal to new people. We looked at some of the reasons why someone might not use MySpace."

MySpace also plans to reduce the number of ads displayed in hopes of letting the higher-priced premium placements stand out.