View Pit Stop page for race #31489 by slekap — Ghost race
View profile for chillin (slekap)
| Official speed | 196.27 wpm (50.26 seconds elapsed during race) |
|---|---|
| Race Start | August 3, 2021 1:39:17am UTC |
| Race Finish | August 3, 2021 1:40:07am UTC |
| Outcome | Win (1 of 2) |
| Accuracy | 99.0% |
| Points | 444.88 |
| 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. |