How do I insert folder link in new outlook?

Pilling on, because this 'by Design' behavior is about the dumbest design decision i can imagine.
Yes of course, add in extra functionality for those who are using SharePoint or OneDrive, but to remove a feature that has been standard since the beginning of email is insane.

Please Bring it back, there are parts of New Outlook I love, but the absence of necessary features kills it.

any updates on this since January 3, 2024?

Hello,

It's not easy to resolve this incident at a small company like Microsoft. This incident affects 80% of their users, but there's been no news for 10 months.

It looks like Microsoft doesn't care to even discuss this issue much less fix it. I have thoroughly enjoyed the new Outlook but may switch back to the old Outlook due to this issue.

Microsoft at least have the curtesy to respond to this thread with an update to show you care about your users!

I just realized why they may have deliberately deprecated this functionality: to force organizations to pay subscription fees for cloud storage, which can still be linked with hyperlinks in the new Outlook. Indeed, my organization is transitioning away from hardware servers to cloud storage, so someday this will no longer be an issue. But for now, I'm stuck with old Outlook so my file and folder links can work!