It seems that quoted text is rendered differently in transcript and in a bookmarked conversation.

For testing purposes, let us take something from Wikipedia.

> Stack Exchange is a network of question-and-answer (Q&A) websites on topics in diverse fields, each site covering a specific topic, where questions, answers, and users are subject to a reputation award process. The reputation system allows the sites to be self-moderating

> Stack Exchange allows users to donate some of their reputation to help questions receive answers or better answers, as well as to incentivize users to answer. This is called a 'bounty' and can be applied on questions 48 hours after being asked, lasting for 7 days plus a grace period of 24 hours. The minimum bounty is set at 50 reputation, except if the user has already answered the question or has offered a previous bounty on the question.

Here is a link to the today's transcript: chat.meta.stackexchange.com/transcript/1196/2023/3/17

And I have bookmarked a few messages - including the quoted text: chat.meta.stackexchange.com/rooms/1196/conversation/…

This is what I see in the transcript:

But if I look at the bookmarked conversation, it looks differently: