Senator Cory Booker Sells Off Major Holdings Amid Netflix Backlash

US Senator Cory A. Booker recently made significant changes to his investment portfolio by selling shares of several major companies, including Netflix (NASDAQ:NFLX) and McDonald's (NYSE:MCD), according to a filing disclosed on September 9th.

The sales were made on August 11th, with the senator offloading between $1,001 and $15,000 in Netflix stock. This was just one of several transactions made by Senator Booker that day, as he also sold shares of NVIDIA (NASDAQ:NVDA), Alnylam Pharmaceuticals (NASDAQ:ALNY), JD.com (NASDAQ:JD), and Amazon.com (NASDAQ:AMZN).

The sales follow a tumultuous few weeks for Netflix, which has faced criticism over its handling of children's data and potential regulatory costs in Canada. The company also reported disappointing second-quarter earnings and expressed concerns about its outlook.