n.
The high-priced shares of an Internet company, which can be used as a form of currency to acquire other businesses.
Example Citation:
"TUNE's holdings mean Liberty Media will have the currency of the moment, shares in an Internet stock, the only kind of currency a prudent executive would use to buy another Internet business. You wouldn't dare use cash, General Electric CEO Jack Welch said recently. You have to have what Welch called 'wampum,' shares to exchange."
— David Henry, "A little Net music: Liberty plays TUNE," USA Today
Related Words:
Category:
New words. 2013.