View Pit Stop page for race #2038 by bananana_man — Ghost race
View profile for Banana (bananana_man)
Official speed | 73.51 wpm (134.19 seconds elapsed during race) |
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Race Start | June 22, 2022 4:27:04pm UTC |
Race Finish | June 22, 2022 4:29:18pm UTC |
Outcome | No win (4 of 5) |
Opponents |
1. justiceex (92.79 wpm) 2. chujev (92.65 wpm) 3. racen55 (79.68 wpm) |
Accuracy | 95.0% |
Points | 166.61 |
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. |