View Pit Stop page for race #600 by kaydav1502 — Ghost race
View profile for Kayl (kaydav1502)
| Official speed | 114.83 wpm (85.90 seconds elapsed during race) |
|---|---|
| Race Start | April 13, 2023 5:34:50pm UTC |
| Race Finish | April 13, 2023 5:36:16pm UTC |
| Outcome | Win (1 of 5) |
| Accuracy | 99.0% |
| Points | 260.27 |
| 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. |