Prydae (prydae_1)

Race #1691

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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.