this is a proprietary format developed by Microsoft. Users have noticed low error resilience: sometimes insignificant damage to the file can cause the file not to play. Besides this, the closed format hampers its proliferation outside of Windows platforms.
this is open lossless codecs, developed under the Ogg project. Lately it’s become quite popular: many users wishing to store audio with original quality choose FLAC. This is partly in connection with the fact that codecs uses IDv1 and IDv3 tags - this allows a user to sort an audio collection according to one’s particular tastes, changing the original metadata of the tracks.