View Pit Stop page for race #1479 by edrenck — Ghost race
View profile for Ed- (edrenck)
Official speed | 74.35 wpm (132.67 seconds elapsed during race) |
---|---|
Race Start | March 19, 2021 11:55:25pm UTC |
Race Finish | March 19, 2021 11:57:38pm UTC |
Outcome | No win (3 of 4) |
Opponents |
1. outloaf42 (95.83 wpm) 2. rohbro (85.81 wpm) 4. fedikus (66.83 wpm) |
Accuracy | 95.0% |
Points | 168.52 |
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. |