Text #754

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.

—from A Random Walk Down Wall Street, a book by Burton G. Malkiel

Active since December 9, 2018.
822 total characters in this text.

View Pit Stop page for this text

Leaders

View ranks through of 5,887
Rank Username WPM Accuracy Date
2203. supraaxdd (supraaxdd) 89.64 97% 2023-08-13
2204. Muhngkee (muhngkee) 89.64 98% 2022-03-22
2205. Stefan (fortress_king) 89.64 98% 2022-08-11
2206. Provid (provid) 89.63 97% 2019-02-28
2207. zzRouxfop_ (cryptic_blade) 89.62 96.5% 2023-10-17
2208. Person (relearner) 89.60 98% 2020-02-11
2209. amanullah (amanullah32) 89.59 96% 2022-05-14
2210. jinyu (luojinyu) 89.59 98.5% 2021-02-01
2211. Bena (benakena) 89.59 95.8% 2021-01-28
2212. Al Ryan (02sa) 89.59 98% 2019-04-12
2213. padoru (padoru69) 89.58 97% 2021-01-24
2214. Hassan (ha559) 89.58 98% 2020-10-20
2215. account deleted (concurrent) 89.58 96% 2021-11-14
2216. sidm (sidm) 89.57 98% 2019-02-01
2217. Ray (gilzea) 89.55 96.4% 2023-11-22
2218. Andrew (aacamilleri) 89.55 97% 2022-05-13
2219. Emily's (resais) 89.54 97% 2019-01-26
2220. 🌠Rubby🌠 (mikerubby) 89.54 98% 2020-03-12
2221. dmo (hinjaku_hinjaku) 89.53 97% 2022-04-13
2222. Jay (kamikamigod) 89.53 96.6% 2023-10-09
2223. Anonymous (ballistic_kraken) 89.51 96% 2022-11-05
2224. jsve (jsve) 89.51 98% 2024-02-27
2225. chris (chhreess) 89.49 97% 2022-09-14
2226. Guess (macanrox) 89.48 96% 2021-08-27
2227. Pog (randomguy2005) 89.48 97% 2021-04-30
2228. Chris (chsanfor) 89.48 99% 2019-03-07
2229. Muhammad (ryan_typingwithryan) 89.47 97.4% 2023-12-08
2230. Akza (akza) 89.47 97% 2019-06-06
2231. Thienachi (thienachi) 89.46 96% 2024-01-16
2232. kascha (desertlesbian) 89.45 97% 2022-05-28

Universes

Universe Races Average WPM First Race
Default (English) 9,473 91.14 December 9, 2018
New Quotes 1 100.95 February 28, 2019