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"Wud-up" business name could stand for a slang of "what's up".
The name "Wudup" has only five letters and just two syllables. Two-syllable names are highly rare and very valuable. Successful brands using two syllable names include Ikea, Apple and Boeing.
This domain was first registered in December 1999. Older domains have an advantage when ranking in search engines.
Wudup.com is a dot-com domain. Dot com domains are the most valuable top-level-domain in the world, famously used by websites like youtube.com. When you own a dot-com, it is much easier to rank for your own name in search engines.