I Knew It
gilesbowkett.blogspot.com
gilesbowkett.blogspot.com
Edit: it's at http://www.aaronsw.com/weblog/googlife in case anybody wants to bypass the OP.
Yes, I'm elitist. I believe that you need elite people to achieve elite things.
You mention since they can't find smart people to hire fast enough they can either lower the bar or hire less. The third option is to work more on recruiting people and that is just what they are focusing on.
I know I'm probably being dense but I'm not seeing what you mean by hiring affecting their traffic acquisition costs. All that graph shows to me is that ad revenue is growing faster than outlay for traffic.
In other words, he predicted some people...changed their minds?
Quite the savant.