View Pit Stop page for race #20571 by aaronadams — Ghost race
View profile for Aaron (aaronadams)
| Official speed | 156.85 wpm (62.89 seconds elapsed during race) |
|---|---|
| Race Start | February 2, 2023 11:30:57pm UTC |
| Race Finish | February 2, 2023 11:32:00pm UTC |
| Outcome | Win (1 of 2) |
| Accuracy | 100.0% |
| Points | 355.52 |
| 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. |