Reddit shares extended Thursday’s rally into Friday after CEO Steve Huffman discussed user growth and new-user retention at the Goldman Sachs 2026 Communacopia + Technology Conference. The move lifted the Corgi RDDT 2x Daily ETF and GraniteShares 2x Long RDDT Daily ETF by nearly 12%, reflecting their objective of delivering roughly twice Reddit’s daily performance before fees and expenses. Huffman said user growth and retention would remain priorities over the next 12 to 18 months, citing several hundred thousand daily unattributed app downloads and one billion posts and comments created last quarter, about 4% of Reddit’s total content corpus. Piper Sandler raised its third-quarter digital advertising growth estimate and Reddit ad-spending forecast by 30 basis points, while saying a roughly 20% September audience decline would reflect a one-time Ads Manager methodology reset rather than weaker activity. Reddit shares were up 0.19% at $155.64 on Friday, according to Benzinga Pro, leaving the stock above its 20-day average near $155 but below its 50-day and 200-day averages near $168 and $174. The relative strength index was 49.91, while $162.50 and $143.50 marked the cited resistance and support levels.