The recent measurement of two solar mass pulsars has initiated an intense discussion on its impact on our understanding of the high-density matter in the cores of neutron stars. A task force meeting was held from October 7-10, 2013 at the Frankfurt Institute for Advanced Studies to address the presence of quark matter in these massive stars. During this meeting, the recent oservational astrophysical data and heavy-ion data was reviewed. The possibility of pure quark stars, hybrid stars and the nature of the QCD phase transition were discussed and their observational signals delineated.