Does the paper "Proof of Collatz's Conjecture" by Agelos Kratimenos contain valid proof?

The document "Proof of Collatz's conjecture" (link arXiv) by Agelos Kratimenos was submitted to arXiv a few days ago (4 Nov. 2019).

Is it really a valid proof?

I mean, I know that arXiv is a prestigious newspaper. Do they have peer reviews before an article is accepted? Or are submissions possible without that?

It would be amazing if it was really a proof of Collatz's conjecture.