When I put some text into a cell that includes a URL, the text in the cell becomes silver-gray, it will not wrap, it becomes very difficult to edit or copy.
It's like the URL just cannot be properly handled.
I would add that I do NOT want it to act as a link. In fact I would normally want to disable hyperlinks entirely. The "feature" of trying to embed a hyperlink is a curse, probably inherited from Excel, where it is also a curse.