Arpeggio (itsarpeggio)

Race #623

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Official speed 77.09 wpm (127.95 seconds elapsed during race)
Race Start December 10, 2022 4:09:06pm UTC
Race Finish December 10, 2022 4:11:14pm UTC
Outcome No win (2 of 5)
Opponents 1. alternativeink (77.24 wpm)
3. koppix (67.31 wpm)
Accuracy 97.0%
Points 174.73
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.