They Live...

Due to their flubbery nature, they can withstand massive amounts of pressure at the deepest parts of the ocean.

The Sperm Whale, however, cannot.

When they fight, the squid attempts to drag the whale to fatal depths. The whale uses it's teeth.

The giant squid also has the largest eye (that we know of) on the planet.

No they don't

they are a walking circus of unpaid actors, scared into the profession by fear and threats.