Correct. I have found blog posts where there are snippets about how they are "looking for bright and interesting minds and college degree does not matter" but when you look at their Jobs page, you have a BS Computer Science or equivalent requirement listed there.
How many job postings for the tech field actually make sense? Most of them are written by people who have no idea what they speak of. Shoot, most recruiters have no idea either. If the job seems interesting submit anyway and just hope to get someone who understands what's written on your resume. Can't get the job if you don't try.
It does say "BS Computer Science or equivalent" -- so they're asking for a certain level of education, which doesn't necessarily have to be in the form of a college degree.
It is interesting that they still choose to use college-level credentials as the baseline metric though. Why not "Four years of demonstrable self-directed learning in the study, or equivalent"?
Universities have requirements you need to cover in order to graduate. So when a job lists a BS CS degree as a requirement, they're saying they expect you to be familiar with the core subjects of the field. Certainly not an expert in any one subject, but at least familiar. (If they want subject area experts they'll usually be advertising for MS/PhD with a focus in [blah]) Obviously this still gives the Universities a great deal of trust, with the implication that in order to receive the degree, you had to demonstrate your capability. That's a sizable question mark, even though it's what University accreditation is supposed to be for...
Sorry, went off on a bit of a tangent there. Anyways, four years of self-directed learning won't necessarily cover the same subject matter they may expect you to be familiar with.