Barely a day after sparking an Internet shitstorm by announcing plans to charge customers a $2 "convenience fee" for one-time credit card bill payments, Verizon has reversed itself, citing "customer feedback."

Objections to the fee came fast and furious, and highlighted just how quickly things race around the feedback loop now, even when a company attempts to deliver the bad news during what is supposed to be a slow news week when fewer people are paying attention.

The commentary appeared first on Twitter ... Some people started petitions on the same Web site where a similar campaign helped convince Bank of America to rescind its now infamous $5 monthly debit card fee. Many others insisted that they would switch to paper billing, in effect to punish the company for its actions by finding the most cost-consuming way to pay their bills each month that did not require them to pay a fee.

In addition to the Bank of America and Verizon reversals, Internet domain registry goliath Go Daddy recently pulled its support of the overreaching Stop Online Piracy Act, after a spontaneous and highly effective online boycott cost it thousands of accounts.

Wow. This Internet thing. There may actually be something to it.