View Pit Stop page for race #934 by karlo47 — Ghost race
View profile for Lmao (karlo47)
Official speed | 60.04 wpm (164.29 seconds elapsed during race) |
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Race Start | November 25, 2020 11:18:21pm UTC |
Race Finish | November 25, 2020 11:21:05pm UTC |
Outcome | No win (2 of 5) |
Accuracy | 95.0% |
Points | 136.10 |
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. |