View Pit Stop page for race #582 by davidpasion — Ghost race
View profile for davidpasion (davidpasion)
| Official speed | 79.09 wpm (124.72 seconds elapsed during race) |
|---|---|
| Race Start | May 23, 2021 5:50:57am UTC |
| Race Finish | May 23, 2021 5:53:01am UTC |
| Outcome | Win (1 of 5) |
| Accuracy | 97.0% |
| Points | 179.28 |
| Text | #754 (Length: 822 characters) Dozens of companies, even those that had little or nothing to do with the Net, changed their names to include web-oriented designations such as dot.com, dotnet, or Internet. Three researchers from Purdue University, M. Cooper, D. Dimitrov, and P. R. Rau, studied sixty-three companies that changed their names in 1998 and 1999 to include some web orientation. Measuring the price change of the companies from five days prior to a name change (when word of the change began to leak out) to five days after the change was announced, they confirmed a remarkable effect. Companies that changed their names enjoyed an increase in price during that ten-day period that was 125 percent greater than that of their peers. This price increase occurred even when the company's core business had nothing whatsoever to do with the Net. |