Company Name not available anymore

I searched a long time for a fitting name for our company and finally found one yesterday, I changed the name to another one so my friend can use this exact name for our main company but it tells us the name is already in use. He literally typed the name in the box while I was changing it to another one so he can use the name I found instant. There was a 1-second time window between us changing, there is no way another player had to use it before us. Is this a bug?

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