Yes...but this will be a tough one.
There's going to be a ton of scrutiny. Running his own social media while running for office will be a real problem, which could be a problem later. The issue is control. If Trump doesn't have majority shares, his board can change the site rules if, for example, they fear Trump is going to say something to get them directly sued. Trump will also want that ad revenue because he's broke.
Large financial backers are not Trump's friend much, nor will they be keen to back a project they think is doomed to fail due to lawsuits, insufficient support, or Trump getting bored and just not doing it. Like he did last time.
Trump will have to grass-roots this one. In the middle of high inflaction and a supply shortage that he caused, he will need his followers to flat-out give him huge piles of money, in exchange for nothing. I suppose he could try to have his PAC own it, but spoiler alert, (a) that already bit him and (b) I think that means he'd have to give it up, you can't realistically sell your company and your employees to a PAC then buy it back, and (c) hosting a site is itself a donation. The site could be sued and shut down right during the election.
This will be a harder grift to pull off.

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