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From Microsoft Corporation Technical Bulletin MC302485 · Published Dec 8, 2021
This feature update will enable the ability to access all simple text editing tools from the floating horizontal web part toolbar, rather than having to open the right property pane for editing options. This floating toolbar will now dynamically resize to match the width of your Text web part, maximizing the number of tools you immediately see. All other tools, and the property pane, can be accessed from the ellipse drop down menu.
This message is associated with Microsoft 365 Roadmap ID 82180.
When this will happen:
Targeted Release (select users and entire org): we will begin rolling this out in early December and expect to complete rollout late December.
Standard: we will begin rolling this out in early January and expect to complete rollout late January.
Text Toolbar is the full width of the Text Web Part
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