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JPEG and PNG formats differ significantly in loading speed and file size, which is critical for website performance. In a comparison of two identical images, a JPEG file is 275 kilobytes while a PNG file weighs 5 megabytes, making the PNG more than 10 times larger. Although JPEG is typically preferred for photographs due to its smaller size, PNG is better suited for images with text, graphics, or logos. Understanding these differences helps in choosing the right format for specific needs, as evidenced by a comic that illustrates the advantages of using PNG in appropriate contexts.