Report: Milo Yiannopoulos Laid Off Staff of His Media Company Amid Money Troubles

Milo Yiannopoulos laid off the small staff of Milo Entertainment Inc. earlier this month after the company lost funding, sources told Politico. The company took a hit when Robert and Rebekah Mercer cut their financial ties to Yiannopoulos last year. Then cryptocurrency billionaire Matthew Mello—who was expected to step in and fund the company—suddenly died of a drug overdose earlier this month. According to a source, Yiannopoulos reportedly “fired everybody,” but he brushed off the layoffs and financial setbacks as a bump in the road. “The video component of my daily show was stopped recently as the cost wasn’t justifiable,” Yiannopoulos told Politico. “Show is now audio only. There were two layoffs as a result. But nothing has changed elsewhere or at Dangerous.com.”