Insert and delete html tags display incorrectly in About Me

Please keep in mind that I have no clue if it was intentional that you can’t use specific formatting on your profile.

When typing in the About me section, you will see the text formatted normally below:

But in reality, it looks like this:

Please let me know if this should be moved to #bug but I am not sure that it is that important.
It would be nice tho if this could be fixed, whether changing the preview display or the actual display.