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To compress a Microsoft PowerPoint file for easier sharing, start by reducing image sizes, as they significantly contribute to file weight. Click on an image, navigate to the Picture Tools Format menu, and select "Compress Pictures." Keep the top two boxes checked and choose "Use default resolution," then press OK to reduce image resolution. Next, go to the File Save As menu, select Save Options, and in the Advanced section, check "Discard editing data." Change the Default resolution to a lower setting for further space savings. Finally, save the presentation as a new file to create a more compact version.