View Pit Stop page for race #1691 by prydae_1 — Ghost race
View profile for Prydae (prydae_1)
Official speed | 70.66 wpm (139.60 seconds elapsed during race) |
---|---|
Race Start | November 11, 2021 5:56:14am UTC |
Race Finish | November 11, 2021 5:58:34am UTC |
Outcome | No win (3 of 3) |
Opponents |
1. ratjesus (77.34 wpm) 2. lastobelus (77.07 wpm) |
Accuracy | 95.0% |
Points | 160.17 |
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. |