MySpace is clearly directing the site toward Generation Y, which roughly covers people from the age of 10 to 30. Content on the site will be geared to the entertainment tastes of the age group, and what's featured on welcome pages and content hubs will be drawn from what's popular on the site.
To make the site feel more like a community, MySpace will focus on promoting users whose reputation and knowledge around particular topics and emerging cultural trends have made them influential on the site. MySpace plans to support these resident influencers with resources, tools and a platform to expand their reach on the site.
MySpace has recognized Facebook's dominance in social networking for some time. In August, MySpace synced its service with its archrival, making it possible for users to share music, links, photos and videos with their Facebook friends. After the accounts are synced, MySpace updates appear on the pages of Facebook friends.
In some sense, the MySpace overhaul is an expansion of what originally drove the site as a social network: music. The sharing of music on the site, which led to many artists joining the social network, was an important element of its growth before Facebook became a major player with better tools for building profiles, sharing content and communicating with friends.