This morning the Cabcharge Australia Limited (ASX: CAB) share price tumbled 3% to a 10-year low of $2.19.
This latest drop brings the taxi services company's 10-year decline to over 83%.
In February the company reported first-half underlying net profit after tax from continuing operations of $12.2 million.
This was a 19.2% drop from the prior corresponding period and means the company is on course to post its fourth consecutive year of falling profits.
The emergence of ride-sharing apps like Uber is likely to have played a key role in its decline.
But one bright spot for shareholders is that its shares currently provide a trailing fully franked 9% dividend.
One other business that has been tipped to be disrupted by a technology behemoth is Mantra Group Ltd (ASX: MTR).
Here's why Motley Fool contributor James Mickleboro thinks that investors shouldn't be too concerned by the rise of Airbnb.
