New Bug Encountered: Resetting View Display Name does not reset label displayed

If I one had set some formula for Display Name of a view and one resets it later (clears the formula) , the previous label continues to show. At least it behaves that way in the in-browser emulator.
Only way to fix it is overwrite the Display Name with something else. Just clearing formula should restore back default label.

@Mahesh
This a bug that @Aleksi had discovered yesterday. It’s somehow reading the value from cache we believe. Devs informed. Adding @morgan

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Thanks for the update @LeventK