View Pit Stop page for race #28 by goodspeed_ — Ghost race
View profile for goodspeed (goodspeed_)
Official speed | 72.73 wpm (135.62 seconds elapsed during race) |
---|---|
Race Start | August 2, 2019 6:42:05pm UTC |
Race Finish | August 2, 2019 6:44:21pm UTC |
Outcome | No win (3 of 5) |
Opponents |
1. theoste18 (82.79 wpm) 2. lsdb9742 (76.47 wpm) |
Accuracy | 97.0% |
Points | 164.85 |
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. |