View Pit Stop page for race #99053 by teiloq — Ghost race
View profile for ⠈⠁ᵀ ᴱ ᴵ ᴸ ᴼ⠈⠁ (teiloq)
Official speed | 109.80 wpm (89.84 seconds elapsed during race) |
---|---|
Race Start | February 6, 2023 6:52:09pm UTC |
Race Finish | February 6, 2023 6:53:38pm UTC |
Outcome | No win (2 of 5) |
Opponents |
1. silentgisback (110.03 wpm) 3. metr1xz (94.91 wpm) |
Accuracy | 97.0% |
Points | 248.88 |
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. |