Firefox OS, an open source competitor to Android will no longer be developed by Mozilla. The operating system never will likely live on as a community project, but Mozilla will no longer spend any if it's resources to push the OS forward.
Mozilla has announced that they will no "stop offering" Firefox OS through carriers. The company says they will continue to experiment with "smart devices", but it seems like those devices will not be smartphones.
Firefox is still churning the wheels on their smartphone OS, and they've given developers another avenue of trying it. You can install it as an app to preview on your Android phone if you aren't interested in installing it on a compatible device.
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