View Pit Stop page for race #27106 by professor_zoom8 — Ghost race
View profile for Bigfoot (professor_zoom8)
Official speed | 108.67 wpm (90.77 seconds elapsed during race) |
---|---|
Race Start | February 14, 2024 9:33:42am UTC |
Race Finish | February 14, 2024 9:35:13am UTC |
Outcome | Win (1 of 2) |
Opponents |
2. bekarihh (81.20 wpm) |
Accuracy | 98.0% |
Points | 246.32 |
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. |