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To compress a Microsoft PowerPoint file for easier sharing, start by reducing the size of images, which usually contribute significantly to the file size. Click on any image, go to the Picture Tools Format menu, and select "Compress Pictures." Keep the top two boxes checked and use the default resolution before clicking OK. Next, navigate to File > Save As and select Save Options. In the Advanced settings, check "Discard editing data" and set a lower default resolution to further decrease file size. Finally, save the presentation as a new file, creating a separate, more compact version for sharing.