When a company of any sort feels threatened by another competitor, they have to do what it takes to get them back in the game. Although MySpace remains one of the most popular sites on the Internet and one of the top social networking sites around, there are others like it, such as FaceBook, that are competing with them fiercely. In order to gain more visitors and members, MySpace is “renovating” their site by updating the design and personal profiles, as well as adding more features including a faster search capability. FaceBook will also be making some changes. The new MySpace changes will be available from Wednesday.