San Francisco -- As Google attempts to make inroads in the social networking world with Buzz, now MySpace, once the 500 pound gorilla of social networking, with shrinking audiences, deep layoffs and two management shake-ups, has been in retreat for over a year -- but the company's new co-presidents are seeking to turn the site around with a new look, began wooing videogame developers as it moved to capitalize on the booming popularity of playing games online at social networks.

Co-Presidents Jason Hirschhorn and Mike Jones, who took charge after the recent resignation of CEO Owen Van Natta, unveiled a fresh plan to revamp the former social media giant -- that includes a brand-new version of the site that will be implemented over the next few months. Recently at the Game Developer's Conference in San Francisco, Jones showed off a new design that heavily promotes games.