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To compress Microsoft PowerPoint files for easier sharing, start by reducing the size of images, which typically contribute the most to file size. Select any image in the presentation, access the Picture Tools Format menu, and choose "Compress Pictures." Keep the top two options checked and select "Use default resolution," then click OK. Next, navigate to File, then Save As, and choose Save Options. Under Advanced settings, check "Discard editing data" and lower the Default resolution to further decrease file size. Finally, save the presentation as a new file to create a space-efficient version.