A giant squid will eat up to 500 lbs. of fish, crab, shark or any other ocean animal per day.
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Squid (of any size) have beaks, which they use to bite off their food, which they then swallow.
Sperm whales, are the main predator of the giant squid.
No because the Colossal and giant squid's habits do not over lap, and even if it did, it would be unlikely to happen.