Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.3%.

The Philadelphia Semiconductor index slumped 3.5%.

In corporate news, Roblox (RBLX) will take a share of revenue from game sponsorships as part of advertising policy overhaul, with more details to be shared in Q2, Bloomberg reported, citing a company memo. Roblox shares were down 2.2%.