When you format a component description (bold text, lists, etc), that formatting is only visible if you hit “show more” on a variant’s description. If you just look at the short version of it (2), everything runs together in one line, no breaks. And if your description is very short - not long enough to trigger the “show more” link - you never see the actual, formatted description, because again, hitting ‘show more’ is the only way to see see the full description. As far as I can tell it’s impossible now to have line breaks in that abbreviated description, which makes it look kinda gross.
How I’m formatting this description:
2: what you see in the abbreviated description:
3: You have to hit ‘show more’ to actually see all this