Twitter is embroiled in a grueling legal fight with Elon Musk as he tries to back out of a $44 billion acquisition of the company. It has slowed its hiring as it grapples with a flagging economy. Its stock price has slumped.On Friday, Twitter revealed the toll from those challenges. In an earnings report, the company said the uncertainty caused by Mr. Musk had hurt its business, alongside macroeconomic troubles. Twitter’s revenue declined for the first time since 2020 as it struggled to be a destination for advertisers and swung to a net loss.The lackluster earnings report ramps up the blame game that has erupted between Twitter and Mr. Musk, who swooped in and exposed the company’s lack of business and financial prospects as he has gone back and forth over buying the social media service. Mr. Musk, who also leads the electric carmaker Tesla, had agreed to buy Twitter in April and said he would take it private. He privately told investors that he could quintuple the company’s revenue by 2028 and expand it to 931 million users that same year.But as the stock market has teetered, pulling down shares of Tesla — which is his main source of wealth, and which lost a third of its …
