What is ticker tape?

Ticker tape is thin paper that came in long ribbons, and was used in stock market ticker machines. The ticker tapes provided up-to-date information on stock market fluctuations through telegraph lines. They have become obsolete due to computers; however, financial networks and websites use the ticker tape format when posting stock market updates along banners. Ticker tape parades occurred when used ticker tapes were cut up to form confetti and thrown out office windows during a parade.
Updated on Tuesday, August 02 2011 at 02:06AM EDT
Source: www.wisegeek.com/...